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Thndr Claps » U.S. Claps » Economy 🏢 » President Biden to meet with Fed Chair👀

President Biden to meet with Fed Chair👀

by Shams Abbas
May 31, 2022

The Clap
President Joe Biden will hold a meeting with Federal Reserve Chairman Jerome Powell today to discuss decades-high inflation.

You should know
In early March 2022, President Biden vowed to make soaring inflation his “top priority.” Since then, fears of a recession have increased significantly as the Fed continues to aggressively raise interest rates.

Why this matters
Inflation has taken its toll on Americans for some time now, as well as on President Biden’s standing with voters.

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