The Federal Reserve must be more responsible than Biden

The Federal Reserve must not make President Joe Biden’s mistake when choosing between inflation and the economy. 

Three years ago, when confronted with this choice, the Biden administration chose economic growth at all costs — literally, spending trillions to stoke the economy. The result has been (and continues to be) the inflation that won’t go away, even as the economy now appears to be slowing rapidly. 

America now finds itself stuck between high inflation and low economic growth. The markets face evidence that inflation is continuing and the economy is slowing. Earlier this month, the Bureau of Labor Statistics reported that March’s overall inflation measure came in too high again at 3.5%, a third consecutive monthly increase. Even excluding the more volatile items of food

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