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Painfully high inflation has become the nation’s number one economic problem, ignited by the pandemic, and set to get worse as Russia’s invasion of Ukraine sends gasoline prices higher. In his State of the Union address, President Biden proposed several steps to address the inflation problem, and the Federal Reserve is on high alert. But there is no immediate fix, as neither the President nor the Fed have the appropriate tools to prevent prices from rising higher.
...read full article on CNN Business
