In an interview over the weekend, President Biden discussed his plans for battling inflation and the American strategic response to Chinese aggression in Taiwan. Today, former SEC chair Jay Clayton responds to the President’s comments on the economy; instead of talking about rates of inflation and statistics, Clayton urges economists and lawmakers to start speaking in terms of the prices that Americans are paying for basic needs. Abroad, Presidents Putin and Xi are testing the strategic partnership between Russia and China. Former CNBC anchor and current member of the Council on Foreign Relations Michelle Caruso-Cabrera discusses the meeting between both leaders in Uzbekistan and the role both countries play in the global balance of power.  In this episode:Becky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinMichelle Caruso-Cabrera @MCaruso_CabreraKatie Kramer: @Kramer_Katie