
Biden doesn't have a silver bullet for inflation, but here's what he can do
CNN
I can't remember a more difficult, complicated set of factors at play all at once in the economy -- with no road map.
Morgan Stanley put it this way on Sunday: "We live in the most chaotic, hard-to-predict macroeconomic times in decades."
You can see it in the punishing sell-off this year in stocks: The S&P 500 (SPX) is down 16% this year, wiping out a year's worth of gains. It's even worse for the Nasdaq (COMP), down 25% this year.

President Donald Trump’s attacks on Federal Reserve Chair Jerome Powell are so commonplace at this point that they barely register in financial markets these days. The rapidly intensifying multi-pronged efforts by Trump’s advisers to amplify and expand on Trump’s attacks are a good reason to rethink that indifference.