One thing you can be basically-certain of: When the government tells you somethin they're probably lying.
After all there's no penalty for it. And there's no penalty when a government agency breaks the law either. One of my prime examples of this is The Federal Reserve, which is forbidden to buy or transact in anything other than federal government-guaranteed debt with very, very limited and enumerated exceptions.
The Fed deliberately violated that law when it started buying Fannie and Freddie paper.
Problem: There is no "or else" clause.
Ditto on inflation, of course. The Federal Reserve Act forbids The Fed to "target 2% inflation"; indeed, it forbids them to target anything other than zero as it clearly states: Stable prices. While errors may not be chargeable against them intentional actions certainly are.
But again: There is no "or else."
Who's responsible for this? You are.
Because Congress is elected by you.
Contemplate the fundamental reality of pretty-much any organization: A small percentage of persons are in every key role that do 90% of the actual work and without them whatever the organization does either stops or is so-severely impaired that it may as well stop.
Been there done that myself. I've had a code project on my desk that through planning and such expected to deliver to the organization in a month. If I walked out, however, there was exactly nobody there who could complete it in three -- if not six, assuming all the other resources (e.g. coders) in the place remained on the job. I've been on the other side of that too when someone calls me in a panic wanting me to pick up someone else's pieces. Yeah, I can do it, but sit down before you hear the price.
It's true everywhere. Water plant? There's probably five dudes/dudettes there basically make sure it works out of maybe 50 employees. If three of them walk out how long before the water quality goes out of bounds?
Exceptions? Where repetition is all that matters, in other words the labor is literally a robot.
"Would you like fries with that?"
Ok.... so now Biden is taking heat from the people he needs to remain in power -- specifically, minorities on the lower end of the economic strata. The robots, to a large degree. It gets worse: He was crazy enough to tell a restaurant owner, presumably a supporter or he wouldn't have been there, to pay people more. Uh.... yeah, that'll work. NOT.
In the middle of this you have a huge economic bubble at present -- in stocks and housing. Pricking just the inflation part is going to be effectively impossible yet Biden's administration has to do it, and do it now, because by the end of the year the voter problem starts to show up with the midterms looming. He loses either House, and The House is almost-certain to go the other way at this point and his agenda is done.
There are an awful lot of spinning plates on sticks right now -- and it only takes one false step for them all to end up in pieces on the floor.