Having deflected any blame for the soaring costs of living in America, President Biden has issued a statement this morning on the hotter than expected consumer price inflation in April: While it is heartening to see that annual inflation moderated in April, the fact remains that inflation is unacceptably high. As I said yesterday, inflation is a challenge for families across the country and bringing it down is my top economic priority. This starts with the Federal Reserve, which plays a primary role in fighting inflation in our country. I thank the Senate for confirming Dr. Lisa Cook to the Board of Governors last ... (full story)