Treasury Secretary Yellen recognizes Target's and others' actions to reduce prices on everyday items like milk, bread, and diapers. The White House applauds efforts but insists corporations need to do more.
Top White House economist Brainard acknowledges some grocery stores lowering prices on thousands of items in response to the President's call but stresses corporations must further reduce prices. The administration hopes these efforts will impact inflation and catch voters' notice.
While the administration applauds price cuts by corporations, it understands more measures are required to significantly impact inflation rates. The Biden camp aims for a micro-level effect with hope of reaching inflation-weary American voters.
The blame game between the government and corporate America regarding inflation shows a slim margin in the latest Axios Vibes Survey. Democratic voters lean towards questioning big business whereas most Republicans blame the government.
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