Please read the instructions and the topic VERY carefully before doing the essay (you can find it more in details in the screenshot provided in files):

Topic of the essay:  Propelled by surging costs for gas, food and housing, U.S. consumer inflation jumped 7.9 percent over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.  The 7.9 percent increase, reported on March 10, 2022 by the Labor Department, reflected the 12 months ending in February, 2022, and didn’t include most of the oil and gas price increases that followed Russia’s invasion of Ukraine on February 24, 2022.

The persuasive essay will focus on two related issues.  First, what caused the spike in the inflation rate?  Second, what advice would you give to President Joe Biden (fiscal policy) and the chairman of the Federal Reserve (monetary policy) concerning an appropriate economic policy for reducing the inflation rate?

I’m expection a well written univeristy level essay, plagrism free, this is a argumentative essay, a piece of academic writing where you use logic and reason to show that your point of view is more legitimate than any other. You must expose clear arguments and support them by convincing facts and logical reasons.  Please pay attention to details thank you!