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Annual inflation continued to ease, cooling to 6.5% in December, but prices are still climbing at a rapid rate, meaning people have to work longer and harder to keep the same standard of living.
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The Inflation Reduction Act is the biggest ever investment to tackle climate change. But there are signs that it could reinforce existing environmental inequalities.
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The legislation has been a year in the making, with tense negotiations leading to a narrower spending package that focuses on climate investments and health care costs.
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The Inflation Reduction Act is not expected to bring down inflation dramatically or right away, but experts say that might not be such a bad thing given the bill's other areas of focus.