'They Were Warned... Don't Do This': Biden and Fed Chair Play Catch-up as Soaring Inflation Slams America
In an Oval Office meeting with Federal Reserve Chairman Jerome Powell on Tuesday, the president said his top goal is fighting inflation while he highlighted the agency's role. Right now, that means a series of hikes in interest rates. Critics charge the administration is late to the game. Treasury Secretary Janet Yellen admitted she was slow to recognize the danger last year when she said the risk of inflation was "small" and "manageable."
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