Manchin Blasts Inflation, Casts More Doubt on Biden Agenda (2)

Senator Joe Manchin threw more cold water on President Joe Biden’s spending plans after inflation spiked to a 7.5% rate in January, the highest rate in four decades.

Manchin for months has been raising alarms about the impact of federal spending on inflation and in December pulled the plug on negotiations over Biden’s economic plans, citing rising prices as among his concerns.

He’s also been urging the Federal Reserve to act more aggressively to stem inflation, which he said is “causing real and severe economic pain that can no longer be ignored.”

“It’s beyond time for the Federal Reserve ...