President Biden met at the White House on Tuesday afternoon with Federal Reserve Chairman Jerome Powell as his administration takes further steps to indicate the urgency to fight high inflation.
The meeting also highlights the extent to which the White House relies on external forces to help combat rising prices. Earlier, government officials had repeatedly lowered inflation concerns as they promoted their $ 1.9 trillion Covid-19 relief package in March 2021 and sought additional spending on social programs and climate change. last year.