Manchin Prods Fed to Tackle Inflation, Citing Economy Risk
- Fellow Democrat Pelosi says Congress isn’t stoking inflation
- Fed has signaled rate hike ahead as U.S. prices accelerate
Joe Manchin
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Senator Joe Manchin said the Federal Reserve needs to “stop pussyfooting around” and “tackle inflation head-on,” renewing his call for the central bank to act against the fastest pace of price increases since the early 1980s.
The West Virginia Democrat has warned for months about the impact of U.S. government spending on inflation. In December, he pulled the plug on negotiations on President Joe Biden’s plan for expanded social programs and tax increases, citing rising prices among his concerns.