Reuters
The Biden administration is increasingly feeling it has little control over short-term inflation, officials say, and is looking for ways to offset the political risk from price hikes in the months leading up to November's elections. The economy and Biden's handling of it are top issues for voters, and lowering the cost of meat, gas and other household staples is a key way Biden and his fellow Democrats could defend control of Congress in November's midterm elections, strategists say. But any U.S. president's ability to cut prices in the short run in global markets for products from oil to grains is limited, White House advisers say.