Joe Biden fights to close ‘credibility gap’ on inflation

Joe Biden has been fretting about high inflation for months, knowing that rising prices are undermining the strong US recovery and souring Americans’ views of the economy and his presidency.

This week, the president has embarked on a new effort to burnish his inflation-fighting credentials, even though his ability to quickly reverse the pernicious economic and political dynamic resulting from higher prices is limited.

On Tuesday,…