President Biden met at the White House Tuesday afternoon with Federal Reserve Chairman Jerome Powell as his administration takes more steps to signal urgency to fight high inflation.
The meeting also highlights, to a significant extent, how much the White House is relying on outside forces to help combat rising prices. Administration officials earlier in the administration repeatedly downplayed such worries while promoting their $1.9 trillion Covid-19 relief package in March 2021 and in seeking additional spending on social programs and climate change last year.
