President Joe Biden talks about his proposed FY2023 federal budget during an event at the Finishing Trades Institute on March 9 in Philadelphia, Pennsylvania.
Mandatory Credit:	Chip Somodevilla/Getty Images

President Joe Biden talks about his proposed FY2023 federal budget during an event at the Finishing Trades Institute on March 9 in Philadelphia, Pennsylvania.
Mandatory Credit: Chip Somodevilla/Getty Images

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Biden keeps confronting a good problem: A hot labor market

President Joe Biden touted a hotter-than-expected February jobs number on Friday as a sign that his agenda is working, even as the Federal Reserve considers increasing its pace of interest rate hikes in the coming weeks as a part of its ongoing efforts to tame inflation.