56.9 F
New York
Sunday, November 10, 2024
HomePoliticsBiden falsely claims he's never spoken to Federal Reserve Chairman Jerome Powell...

Biden falsely claims he’s never spoken to Federal Reserve Chairman Jerome Powell as president

Date:

Related stories

Byron Donalds unleashes on Dem Trump ‘lies,’ says there’s one metric he will use to lead

Florida Republican Rep. Byron Donald slammed Democrats for promoting...

Scott touts ‘deal guy’ background in bid for Senate majority leader

Florida Sen. Rick Scott touted his experience in business...

They Like Him, They Really Like Him!

Uncategorized They Like Him, They Really Like Him! What if—quelle horreur—Trump...
spot_imgspot_img

President Biden on Thursday falsely claimed he had never spoken to Federal Reserve Chairman Jerome Powell as president, despite having a meeting with him at the White House two years ago.

Biden, during a speech to the Economic Club of Washington, said, “Unlike my predecessor, I respect the Federal Reserve’s independence as they pursued a mandate to bring inflation down.”  

“And that independence has served the country well. And by the way, I’ve never once spoken to the chairman of the Fed since I became president,” Biden added. “We’ll also do enormous damage to our economy if that independence is ever lost.” 

However, in May 2022, Biden met with Powell in the Oval Office in what Bloomberg described in a report as his “third in-person session with Powell” since becoming president. 

FEDERAL RESERVE CUTS RATES FOR FIRST TIME IN FOUR YEARS AHEAD OF PRESIDENTIAL ELECTION 

“My plan is to address inflation. That starts with a simple proposition: respect the Fed, respect the Fed’s independence, which I have done and will continue to do,” Biden said at the time. 

“The president underscored to Chair Powell in the meeting what he has underscored consistently including today – that he respects the independence of the Federal Reserve,” then-White House National Economic Council Director Brian Deese said after the meeting, according to Reuters. 

IRAN TRIED TO INFLUENCE ELECTION BY SENDING STOLEN MATERIAL FROM TRUMP CAMPAIGN TO BIDEN’S CAMP, FBI SAYS 

Before that, in November 2021, Biden also introduced Powell during a news conference to announce his nominees for chair and vice chair of the Board of Governors of the Federal Reserve System. 

During his time as president, Trump once called Powell “clueless” in a tweet, writing, “We should easily be reaping big Rewards & Gains, but the Fed is holding us back. We will Win!” 

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img
spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here