Fixing Inflation Won't Be Easy, Says Biden

The transcript discusses the challenges of inflation, focusing on the role of the Federal Reserve and supply chain issues, particularly in the automobile industry due to a shortage of computer chips. It highlights efforts to address these issues through legislation and international cooperation to stabilize energy prices. The discussion also covers market competition and its impact on consumer prices, emphasizing the need for smaller businesses to enter the market. The conclusion addresses the potential benefits of the Build Back Better proposal and the ongoing challenges in managing inflation.

What role does the Fed play in managing inflation according to the text?

How has the supply chain affected the cost of living, particularly regarding automobiles?

What measures are being taken to address the shortage of computer chips?

Discuss the impact of rising oil prices on middle-class and working-class individuals.

What are the potential long-term effects of passing the 'Build Back Better' proposal on inflation?