Is Congress Doing Anything That Will Tackle Inflation?

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Is Congress Doing Anything That Will Tackle Inflation?

Subject: 11000000 – Politics

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While Thomas Sargent and William Silber’s op-ed “What Jerome Powell Can Learn From Arthur Burns” (Aug. 29) is informative, I disagree greatly with the final sentence. It is not the Federal Reserve but Congress that has the responsibility to rein in inflation. As Sen. Elizabeth Warren correctly asserts, high interest rates won’t fix supply chains or reduce skyrocketing energy prices.

Unfortunately, neither she nor President Biden nor their colleagues in the House have put forward any programs or legislation to ease the situation; like spurring more oil, shale and natural-gas exploration; allowing new pipelines to come online; or easing mandates for coal-fired and nuclear-energy production, as even California has done.

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