Biden and Trump Offer Different Approaches to Tackling High Inflation

Biden touts his Inflation Reduction Act, which aims to cut costs for electricity, gas, health care, and more, but impact on inflation so far is unclear.

Biden pledges further action on prescription drugs, health care, child care, education, housing costs, and taxes on wealthy and corporations.

Trump pushes for more gas production, but output is already high; wants to raise China tariffs, risks raising consumer prices.

Trump promises deregulation to reduce business costs, giving no specifics.

Factors like Fed policy, oil prices, pandemic supply issues also drive inflation, limiting what presidents can do.