Biden Pledges to ‘Respect the Fed,’ Give It ‘Space’ to Fight Inflation

U.S. President Joe Biden meets with Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen in the Oval Office at the White House in Washington on May 31, 2022. Kevin Dietsch/Getty Images

President Joe Biden met with Federal Reserve Chair Jerome Powell on Tuesday to discuss inflation which he described as his “top priority.”

Prior to the meeting, Biden said he promised to “respect the Fed’s independence” and give them “the space they need to do their job.”