On the recordDecember 2, 2021
I urge Republicans to join Democrats in fighting inflation. First, let's acknowledge that pandemic-related disruptions to the global supply chain and to consumer demand have driven up the price of goods. We solve this by vaccinating more people here and around the world, restoring confidence to high-contact service industries, and ending this pandemic for good. Second, let's help businesses hire. A shrunken workforce exacerbates inflation by constraining supply. There are 27 million hidden workers: Parents who took time off, neurodiverse individuals, the formerly incarcerated, and people without a college degree. Passing the Build Back Better Act will unlock registered apprenticeships, industry-aligned career pathways, and other proven job training programs. Republicans may have good ideas, too, like reducing occupational licensing requirements. They should come join the debate in good faith instead of scoring political points off of inflation. Finally, let's hold the Fed accountable to its target of 2 percent inflation. Both parties in Congress should hold the Fed to account to reduce asset purchases and reestablish its credibility on price stability. Let's build on the bipartisan infrastructure deal to offer bipartisan inflation solutions. ____________________
Source
govinfo.gov




