Biden details plan for fighting US inflation, contrast his approach with 'ultra-MAGA' objectives

WATCH LIVE: President Biden to detail plan for fighting inflation, addressing economic concerns among Americans

Addressing a concerned nation and anxious world, President Joe Biden has vowed in his first State of the Union address to check Russian aggression in Ukraine, tame soaring U.S. inflation and deal with the fading but still dangerous coronavirus.

"It's our job to make sure that inflation of that unpleasant high nature doesn't get entrenched in the economy," Federal Reserve Chairman Jerome Powell said last week, just after he announced a half-point interest rate hike to combat inflation.

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