While President Joe Biden has half-heartedly scolded corporations for using inflation to reap record profits, he has done little but sit and watch as Congress fails to act on rising prices, instead leaving it to the Federal Reserve to deal with the issue — by declaring war on workers.

But the president has another option. His purportedly tough regulators — including Federal Trade Commission (FTC) chairperson Lina Khan — could use their authority to investigate potential illegal price increases or limits on production.

When executives publicly proclaim plans to raise future prices or limit production, their comments could amount to illegal “invitations to collude” under federal antitrust laws — because announcing these future plans signals to competitors that they can make such moves in lockstep.