Biden, Fed Chair Powell to meet as inflation continues to weigh on consumers

Published by
Reuters

By Jarrett Renshaw (Reuters) -U.S. President Joe Biden will meet Federal Reserve Chair Jerome Powell on Tuesday as historic inflation continues to drain Americans’ pocketbooks. The meeting, the first since Powell’s confirmation for a second term by the Senate earlier this month, comes as Biden seeks to lower costs for gasoline, food and consumer goods that have sent inflation to 40-year highs. Biden will reiterate the Fed’s independence, note that the central bank has the tools to address inflation and discuss the U.S. and global economies, White House National Economic Council Director Brian …

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