Bloomberg’s Mario Parker discusses the US CPI data and why President Biden announced his prediction that the Federal Reserve will cut rates, knowing the Biden Administration has insisted on not weighing in on Fed policy. Bloomberg’s Julie Fine and Mario also discuss the Southern Border and President Biden saying he may be able to close it on his own, and why the President has waited until now to possibly act on the border issue. Both Mario and Julie speak with Kailey Leinz and Joe Matheiu on Bloomberg’s "Balance of Power."