Skip to content

Biden, in Rare Powell Meeting, Seeks to Deflect Inflation Blame

  • Meeting with Powell recalls Reagan-Volcker gathering in 1984
  • High prices a top priority for voters ahead of midterms
Video player cover image
Biden on Inflation Fight: Respect the Fed
Updated on

President Joe Biden used a rare meeting with Federal Reserve Chair Jerome Powell to declare that he’s respecting the central bank’s independence - while simultaneously shifting responsibility for taming decades-high inflation ahead of the November midterms. 

Biden seized on the Oval Office session to argue that while fighting price increases is his top priority, that work was primarily the purview of the Federal Reserve.