Jerome Powell

Reports: Biden begging Federal Reserve’s Powell to curb inflation

Joe Biden has reportedly begged the U.S. Central Bank to curb inflation that has been spiraling out of control under his watch. According to reports on Monday, Biden asked Federal Reserve Chair Jerome Powell to do “whatever it takes” to control inflation.

CHICAGO, ILLINOIS - JUNE 04: Jerome Powell, Chair, Board of Governors of the Federal Reserve speaks during a conference at the Federal Reserve Bank of Chicago on June 04, 2019 in Chicago, Illinois. The conference was held to discuss monetary policy strategy, tools and communication practices. (Photo by Scott Olson/Getty Images)

OAN Newsroom

Fed chair: Inflation to remain elevated before moderating

Federal Reserve Chair Jerome Powell has said inflation will remain elevated before moderating in the coming months.