Biden: Fighting Global Inflation Is His Top Priority

LOL

Send it the clowns
I guess we are going to get another BS story from him now
Yellen next expect another stupid comment

Wow, usd strong again....up down up down

"Biden is facing unfavorable polls heading into the November mid-term elections and wants to keep the Democrat’s green allies onside while wooing voters with low price gasoline. In effect, he wants OPEC+ to pay for his cake-and-eat-it-too policy with foregone income, while he tilts to Iran by pursuing a new nuclear deal, causing the UAE and the Kingdom to seek a reliable, alternative partner, motivated by Washington’s casual abandonment of its two-decade, $2 trillion Afghanistan project.

Part of the OPEC+ disenchantment with Biden is his pursuit of a revived nuclear deal with Iran. Then-President Donald Trump rejected the Iran nuclear deal, the JCPOA, and kicked off the “maximum pressure” campaign which gave the UAE and the Kingdom confidence in Washington and paved the way for the Abraham Accords between Arab and Muslim countries and Israel. However, the rulers are running ahead of public attitudes on engagement with Israel which gives MbS and his peers room to moderate relations with Israel in pursuit of a U.S. Middle East peace plan or in response to a U.S. attack on OPEC+.

Biden’s NIMBY approach to fossil fuels did not escape notice and former Saudi intelligence chief, Prince Turki Al-Faisal, described Biden as a “much diminished president” and observed"

"Biden: Fighting Global Inflation Is His Top Priority"


Interesting notion that the US must fight 'Global' inflation. Doesn't he realise that all this rate hiking and US posturing is causing an excessively strong Dollar which in turn is exacerbating the problem for everyone else not least because many commodities are priced in Dollars and settled in Dollars. Aren't there enough leaders on the scene that have totally lost the plot without adding to that count?