Fed, Biden Campaign Confounded as Inflation Digs In

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, economy editor Molly Smith looks at the impact of today’s inflation numbers. Sign up here and follow us at @bpolitics. Email our editors here.

Federal Reserve Chair Jerome Powell warned the road to lower inflation could be bumpy, and today we found out just how rough a ride it might be.