President Joe Biden will meet with Federal Reserve Chairman Jerome Powell on Tuesday for the first time since his renomination as inflation plagues the country’s economic recovery.
According to the White House, the Oval Office meeting between the two will feature a discussion about the current state of the U.S. and global economy and how to address the towering consumer prices. Biden launched an effort this week to convince the public that he is addressing inflation, which has badly hurt his approval ratings and undercut support for his agenda.
The meeting comes as inflation cooled on an annual basis for the first time since 2020 in the gauge favored by the Fed. The monthly decline, which will almost certainly be discussed, might be an early sign that inflation has started to peak.
Biden and Powell to meet for first time in months amid soaring inflation
- by: Zachary Halaschak
- 2022-05-31
- Source:
Washington Examiner
- 05/31/2022
federal reserve bank building by telmo32 is licensed under flickr Attribution-NoDerivs 2.0 Generic (CC BY-ND 2.0)
federal reserve bank building by telmo32 is licensed under flickr Attribution-NoDerivs 2.0 Generic (CC BY-ND 2.0)
