The Biden administration released a memo outlining its efforts to combat inflation and blaming Republicans for hindering these actions. The memo emphasizes President Biden’s focus on reducing costs and fighting corporate price gouging, despite inflation still being a concern. It highlights that while the economy and labor market are strong, Biden struggles to receive credit for economic progress, with former President Trump polling better on economic issues. The memo argues that inflation would worsen under Trump’s policies, and it details steps taken to address price gouging by companies.