Political and Legislative
Biden Focuses on Relationship With His the Federal Reserve
President Biden’s relationship with the Federal Reserve has come under the spotlight as the White House touts the central bank’s leadership of the fight against inflation.
Biden met with Fed Chair Jerome Powell at the White House on Tuesday as the administration touts its efforts to curb rising prices. The meeting came one day after the White House laid out a plan for fighting inflation focused on allowing the Fed to act without interference from the administration.
“My plan … starts with a simple proposition: respect the Fed, respect the Fed’s independence, which I have done and will continue to do,” Biden said in the Oval Office ahead of his meeting with Powell, who was sworn in last week for a second term leading the central bank.
