Biden Missing Best Way To Control Inflation

To combat inflation The Fed is continuously raising interest rates to trigger a recession and cool down the economy. This would hurt millions of working people across the country, and hurt Biden's chances of reelection and staving off a disastrous return of Donald Trump to the White House. Instead, there is something Biden could do that won't trigger a recession and won't hurt workers, and will lower prices: Go after market concentration.

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Check out more from the MR crew:

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Sam's tight pants: Three straight months of good inflation reports as rents and goods cool through Q2 2023 barring another Global shock inflation will keep falling to at most four percent by the summer. We should be clear that's four percent year over year. It is the second half of the Year when the rubber meets the road. The FED will have to insist that inflation Falls to two percent. which means keeping the terminal rate higher for longer in hopes of demand destruction. AKA pain for working people. The Biden Administration we're seriously tackling Market concentration at least a couple Industries this would help reduce prices and thus inflation to the fed's Target without having to drastically increase the unemployment rate. Indeed! Given the divided Congress this is the big economic fight Biden has to make if you want if he wants to drastically reduce the chance of any kind of recession going into the 2024 cycle. I think you're absolutely right about this. They just saw some report I didn't read into it. I guess it was just a news piece saying you know companies are pulling back on their prices because they realize that people are slowing their buying and they won't pay for these high prices. They've been gouging. Yeah. They've been gouging. They've been taking the opportunity where there is this big narrative about inflation going around. And to be true in certain sectors it is definitely you know prices went up because of logistic log jams. And rents I think are being pushed largely because now it's so expensive to buy a house because of the interest rates going up. And again we had sort of a mismatched sort of Supply-demand situation. We just haven't built housing. we know that in the wake of the 2008 financial crisis, we just haven't kept up with the building of housing. And these like corporations that they're gouging they also see it as kind of a win-win. Because they see that the fed's really only response is that they're just going to discipline labor until it gets back down to the point where they're comfortable with it as well. Right, and it makes it more expensive for these companies to borrow money but there are so many lard it up with cash because they've been making record profits. It's way more expensive for a regular person when those rates go up than it is for a corporation that has billions of dollars.