WATCH: Biden meets with Federal Reserve Chair Powell amid inflation worries
PBS NewsHourSep 09, 2022
The Facts
US Pres. Joe Biden met with Fed. Reserve Chair Jerome Powell and Treasury Sec. Janet Yellen on Tues. to discuss inflation.
His push to put inflation as his top economic priority began with an op-ed in the Wall Street Journal on Mon., which laid out his plans to address the issue, starting with "a simple proposition: respect the Fed, respect the Fed's independence, which I have done and continue to do."
The Spin
Democratic narrative
Biden is showing that he's made fighting inflation his top economic priority. The Biden admin. is acting from a position of economic strength because of the historic recovery we have seen; including the strongest job market rebound in modern history, the most small businesses created ever during a recovery, and much-improved household balance sheets.
Republican narrative
Biden's plan to ease the inflation that is costing the average earner more than 2 of 26 paychecks per year is that he has no plan. This is evinced not just by his comically sophomoric list of solutions, but more tellingly by the evasions he utilizes in order to hide his own culpability.