Other than raising interest rates, which the fed is going to do and Biden can't do anyways, I'm not sure what I would advocate for Biden (and really Congress as well) to change going forward. I'd argue that all of the inflation is attributable to COVID, with most of it coming from the global effects of white-collar people shifting to remote work for 1-2 years, service workers deciding they didn't like getting paid so little for their work while being exposed to COVID, or from supply-chain disruptions when factories alternate between online and offline due to COVID.

If you were a white collar family, you saved an awful lot of money by not taking vacations, commuting to work, and eating out regularly during that time. You also got regular stimulus checks from the government (both Trump and Biden administrations). Now you've got a lot of money to spend and are spending it on houses, travel, services, and consumer goods. Prices go up! I don't have a solution for that, but it's true in the US and overseas.

If you were a service worker, you had many opportunities to look for new jobs during the various shutdowns and probably found one with better pay. The person who replaced you probably got better pay as well. Prices for your services go up. That's true in the US and overseas. We're no longer paying people to not work (something that didn't start under Biden) and haven't been for awhile, so I don't know what else you would propose here.

Finally, every time there is an outbreak in any part of the supply chain you get delays on shipment, shortages down the chain, and scarce resources. Prices go up, in the US and overseas. I do know what I would propose here: getting COVID under control! The Biden admin hasn't done great on that, but it's partially because they faced resistance to vaccination, masking with masks that work (they should have been arguing for that from Jan 2021), and other proposals. I didn't hear you arguing for mask or vaccine mandates, now or at any point in the Biden administration even though IMO limiting COVID spread would have helped the global economy.

It's an interconnected economy and what was true in 2020 remains true today: if you want to fix the economy you can't have an uncontrolled pandemic continue to rage. I'm optimistic that the omicron wave is the going to be the last sever wave, but we'll see. I think inflation is going to come back down. Prices on average may not come back down, but the rate of price increase isn't going to remain 7% for much longer because people will simply stop buying things. We don't want a large deflationary correction, but I would be surprised if things aren't stabilized by the fall.

Edit: While I was typing this I see you brought up energy with Sixer. I think Biden's policies have essentially nothing to do with inflation there because Keystone wouldn't have been built at this point one way or the other. Gas is going up because more people are driving and global supplies for oil are disrupted. The global energy market hasn't changed significantly in the past year due to one President's policy choices.
[Post edited by CMUHoo at 03/03/2022 12:58PM]