Biden to meet Fed chair as inflation bites pocketbooks

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Biden to meet Fed chair as inflation bites pocketbooks
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President Joe Biden will meet Tuesday with Federal Reserve chairman Jerome Powell to discuss the state of the U.S. and global economy and especially inflation, the White House says.

President Joe Biden participates in a magnolia tree planting ceremony on the South Lawn of the White House in Washington, Monday, May 30, 2022.

WASHINGTON — President Joe Biden will meet Tuesday with Federal Reserve chairman Jerome Powell as soaring inflation takes a bite out of Americans’ pocketbooks. The White House said the pair would discuss the state of the U.S. and global economy and especially inflation, described as Biden’s “top economic priority.” The goal, the White House said, is a “transition from an historic economic recovery to stable, steady growth that works for working families.”

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