Wall Street

Biden highlights Fed inflation role ahead of Powell meeting on Tuesday

Published by
Reuters

WASHINGTON (Reuters) -U.S President Joe Biden said the Federal Reserve has a primary responsibility to control inflation and vowed not to seek “to influence its decisions inappropriately” ahead of a meeting with the central bank chief on Tuesday. Biden will meet Federal Reserve Chair Jerome Powell to discuss the state of American and global economy, the White House said late on Sunday. In a Wall Street Journal opinion piece published Monday, Biden said the Federal Reserve’s main role was to control inflation. Biden said his “predecessor demeaned the Fed, and past presidents have sought to infl…

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