MNI POLITICAL RISK ANALYSIS – US Daily Brief 31-05-22

Executive Summary:

• 13:15 ET 18:15 BST: President Joe Biden will entertain Federal Reserve chief Jerome Powell in the Oval Office today, their first meeting since Biden announced Powell’s nomination for a second term in November.
• In a preview of the meeting, Biden penned an op-ed for the Wall Street Journal outlining his plans for tackling inflation: ‘My Plan for Fighting Inflation.’
• Today’s meeting with Powell signals the beginning of a Biden Administration drive to focus on inflation. Biden will claim that the economy is actually performing well in key areas: A dicey strategy as voters see their purchasing power shrink and the price of energy continue to rise. Biden writes: ‘The US is in a better economic position than almost any other country.'
• The Democrat campaign dictionary gained a new entry yesterday. President Biden told reporters outside the White House that ‘rational Republicans’ would move to enact gun control measures. 'Rational Republicans' will now be pitted against 'MAGA' Republicans as Democrats seek to discredit the Trumpist faction of the GOP.
• Poll of the Day: A YouGov report examining perceptions of democracy shows respondents in countries opposing Russia believe that it is important to defend democracy but often lack confidence in their own democracies.

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MNI POLITICAL RISK ANALYSIS – US Daily Brief 31-05-22 .pdf