Who controls inflation: The Federal Reserve or President Biden?

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The Federal Reserve raised its federal funds rate by one quarter of a percentage point, in mid-March, after the consumer price index soared to 7.9% in February, reaching a 40-year high. It’s the first increase in borrowing costs since 2018 and it will be one of several hikes this year.

Who's in charge of controlling inflation? The Federal Reserve or President Biden?
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This video was from two years ago. Gas and groceries alone are more than twice as much as they were back then. Whatchu talkin' bout "soon?"

cierrarachael
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So u telling me because the US Gov released this pandemic to help out the big pharma & we’re stuck with a high inflation because poor people was handed out money 😂😂😂😂 WOW

kingzoerico