Unemployment is dropping and the economy, by many measures, is humming. But spiraling inflation is creating a serious drag on the economic recovery and hurting President Joe Biden's approval ratings. This week Playbook co-author Ryan Lizza chats with Jared Bernstein, a member of Biden\u2019s Council of Economic Advisers, and POLITICO\u2019s Kate Davidson about Build Back Better and the administration\u2019s response to rising costs throughout the economy.\nJared Bernstein is a member of the White House Council of Economic Advisers.Kate Davidson is the author of POLITICO's Morning Money.Ryan Lizza is a Playbook co-author for POLITICO.Kara Tabor is a producer for POLITICO audio.Carlos Prieto is a producer for POLITICO audio.Jenny Ament is the senior producer for POLITICO audio.Irene Noguchi is the executive producer of POLITICO audio.\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices