Biden has long-term inflation plan, but voter patience short
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February 13, 2022
WASHINGTON (AP) — President Joe Biden came into office with a plan to fix inflation — just not the particular inflationary problem that the country now faces.
His belief is that a cluster of companies control too many industries, which reduces competition for both customers and workers. That leads to higher prices and lower wages in what the White House says is an average cost of $5,000 annually for U.S. families. Biden is now trying to remedy the situation with 72 distinct initiatives — everything from new rules for cell phone repairs to regulations on meatpacking to more merger reviews.
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