4 things Biden can do to tame COVID and inflation right now, according to former Fed economist

4 things Biden can do to tame COVID and inflation right now, according to former Fed economist

President Joe Biden's spending plans will shape the US over the next decade, but they aren't enough to solve today's crisis, former economist Claudia Sahm wrote in a Wednesday . Biden signed the $1 trillion bipartisan infrastructure bill on Monday and Democrats aim to pass their $1.75 trillion social-spending plan before Christmas. The dual packages are poised to make historic investments in family care, clean energy, and traditional infrastructure as the US emerges from the COVID . But as Democrats plan for the next decade, Americans are growing impatient with the problems of now. "Listen to people. They are telling us they are increasingly worried about the future," wrote Sahm, who is now a senior fellow at the Jain Family Institute. Americans' confidence in the economy is the worst it's been . A big reason for the pessimism: a lack of immediate help. Prices are soaring , yet there's a "growing belief" among Americans that "no effective policies" have been used to cool inflation, Richard Curtin, chief economist at the University of Michigan's Surveys of Consumers, said. The Fed is the main authority for keeping inflation in check, but that doesn't mean the White House is powerless. Instead of viewing