The Fed has one tool to combat inflation and that is the rate. Raising the rate takes time to have an impact on the economy. No politician wants the rate increased during their term so they fight the Fed tooth and nail to not raise rates. Fed should've raised rates earlier but they didn't. Fed also likes a certain level of unemployment. Pumping trillions into the economy (both presidents added to this), being hostile to North American oil and gas (Biden), and throw in some geopolitical factors like a tariff war with China, Russia/Ukraine war (two big wheat and fertilizer producers plus Russian gas), and Iranian backed terror groups closing shipping lanes and obviously prices will go up on every day items.
We need to finish the pipeline with Canada, issue more drilling permits, continue wind and solar construction where it makes sense environmentally, and build out nuclear infrastructure. Continue reshoring critical manufacturing to North America, streamline immigration process for good hardworking people while creating a strong border, create migrant work visas for low paying jobs agriculture relies on (commit a crime and lose your visa, over stay your visa and get barred from reapplying), open research into inexpensive pharma alternatives like psychedelics, weed, and repurposed drugs and get insurance behind it, increase competition into healthcare marketplace with shopping across state lines and allowing groups to form healthcare co-ops to negotiate with insurers, reopen mental hospitals via public/private partnerships, limit big pharma advertising and put those dollars into said mental hospitals, I'll leave it there for now…
Alas, who cares what I think for I am not an "expert"
