Share on linkedin Treasury Secretary Janet Yellen on a trip to Minnesota this week where she met with Target CEO Brian Cornell. Photo: Nicole Neri/Bloomberg via Getty Imagesto exercise pricing restraint, using both carrots and sticks.
But the Biden camp is elevating these announcements, hoping that there is an effect at the micro level and that inflation-weary American voters take notice.: The finger-pointing at corporate America plays well to Democratic voters that are more inclined to be skeptical of big business.by The Harris Poll shows a slim margin for what overall Americans see as the cause of inflation: 41% of overall respondents say the government is more to blame, while 39% point the finger at corporate America.
"Companies have been absorbing the economic realities of inflation, including cost of ingredients, packaging and other input costs like labor and transportation," David Chavern, head of the Consumer Brands Association, tells Axios. "It's critical that we get the economic facts right and avoid political rhetoric."
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