'Stupid Son of a B***h': Hot Mic Catches Biden Slamming Fox News' Peter Doocy Over Inflation Query

As inflation surges at a 40-year high, the US Federal Reserve is projected to counter the rise via a policy framework that will likely call for monetary tightening measures on interest rates. Fed chair Jerome Powell warned this month that inflation poses a "severe threat" to the labor market recovery and sustained economic expansion in the US.