The NYT had another article about food companies raising prices in excess of any inflationary trends in order to increase profits. This article indicated that the price increases are predictably starting to run into consumer resistance. If that trend continues, consumer spending will ultimately decline, and the businesses in question will lose sales and profits. A recession, albeit a mild one, is the likely outcome.
Who will get the blame for this myopic behavior? Why, Biden and the Fed, of course.