Are Price Controls a Political Question?

Inflation provides corporations with an opportunity where consumers are being conditioned to accept rising prices. And so they can get away with raising prices beyond some sort of like necessary quote-unquote necessary rate caused by their own rising costs either in terms of intermediate goods or labor. Then the fact that they hold monopoly power means that they won't have competitors undercutting them by by competing by offering comparable goods at a lower price because there aren't competitors. It seems completely possible eminently reasonable that Congress should demand some kind of permanent standing oversight of how pricing decisions are made and what profit margins are in economically significant industries.