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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’s Council of Economic Advisers, and POLITICO’s Kate Davidson about Build Back Better and the administration’s response to rising costs throughout the economy. Jared 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.