Supply and Demand 101. Americans saved money, had low credit card balances coming out of quarantine. They are spending those savings on the same goods and services because inflation has made them more expensive.
Enter Biden in Jan 2021 and do things guaranteed to cause inflation. That was the cause of inflation.
The FED is required by law to counteract the actions of Biden. The FED is just doing its job required by law.
Bidenomics is the problem. T
They're doing their job but the cost of living is now higher. Even if inflation is now 0%, we can't go back to the prices they were three years ago.