Biden says reversing inflation a top priority, targeting energy costs

FILE PHOTO: U.S. President Joe Biden boards Air Force One at Joint Base Andrews
FILE PHOTO: U.S. President Joe Biden waves to the media as he boards Air Force One at Joint Base Andrews in Maryland, U.S., July 9, 2021. REUTERS/Tom Brenner/File Photo

November 10, 2021

WASHINGTON (Reuters) – U.S. President Joe Biden said on Wednesday he has asked National Economic Council to work to reduce energy costs and the Federal Trade Commission to push back on market manipulation in the energy sector in a larger push to reverse inflation.

The Democratic president said he was committed to the independence of the Federal Reserve in its efforts to combat inflation. “Inflation hurts Americans pocketbooks, and reversing this trend is a top priority for me,” he said in a statement.

(Reporting by Doina Chiacu)