US President Joe Biden and Fed Chairman Powell will meet on May 31.
US President Joe Biden and US Federal Reserve Chairman Jerome Powell will meet on May 31 to discuss the state of the US economy and the global economy.
In his latest statements, Fed Chairman Powell promised to raise interest rates as much as necessary to stop the rise in inflation, which threatens the economy’s foundation.
Powell said, “It is crucial to maintain price stability. We need to ensure this because an economy without price stability does not benefit workers, businesses, or anyone else. Price stability is the foundation of the economy.
