Biden plots inflation fight with Fed chair as nation worries
June 1, 2022
WASHINGTON (AP) — Focused on relentlessly rising prices, President Joe Biden plotted inflation-fighting strategy Tuesday with the chairman of the Federal Reserve, with the fate of the economy and his own political prospects increasingly dependent on the actions of the government's central bank.
Biden hoped to demonstrate to voters that he was attuned to their worries about higher gasoline, grocery and other prices whiles still insisting an independent Fed will act free from political pressure.
Like Biden, the Fed wants to slow inflation without knocking the U.S. economy into recession, a...