Joe Biden faces a Jimmy Carter moment on inflation, and Carter-era officials warn of political doom as the White House has few tools to tame rising prices.

Veterans of Carter's inflation wars say that the "excessive" American Rescue Plan surely fueled inflation and that Biden must abandon his Build Back Better spending ambitions and focus on deficit reduction. pic.twitter.com/JbjKDKHLVe

— Alan Rappeport (@arappeport) July 5, 2022