Biden Is Getting Inflation Tips From CEOs, Golf Buddies and Field Hockey Parents
- In search of solutions, Biden widened circle of advisers
- Wall Street thinks Biden doesn’t want to look too close
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In early 2022, as it became clear that a steep rise in consumer prices would be more severe and longer-lasting than his own aides had predicted, President Joe Biden began to widen the circle of people giving him economic advice.
While his predecessors might have turned to Wall Street giants like Goldman Sachs Group Inc., Biden’s White House reached out to corporate executives such as Apple Inc.’s Tim Cook, Bank of America Corp.’s Brian Moynihan, and the leaders of retailers Target Corp. and Walmart Inc., according to people familiar with the matter.