President Biden To Meet With Fed Chair As Inflation Bites Pocketbooks

Jerome Powell and President Biden are set to meet to discuss the economy, marking their first meeting since last November. With inflation being a major concern, the Fed plans more interest rate hikes. Powell has been confirmed for another term as chair. Ahead of the meeting, Biden wrote an Op-Ed in the Wall Street Journal outlining his plans to tackle inflation. He urges Congress to pass clean energy tax credits, fix supply chains, improve infrastructure, and reduce the federal deficit.

What is the main reason for the meeting between Jerome Powell and President Biden?

• To announce a new trade agreement

• To address high inflation rates

• To discuss foreign policy

• To plan a new economic summit

What recent confirmation did Jerome Powell receive?

• Secretary of State

• Treasury Secretary

• Economic Advisor to the President

• Federal Reserve Chair for another term

In which publication did President Biden write about his inflation strategy?

• The New York Times

• The Washington Post

• The Financial Times

• The Wall Street Journal

Which of the following is NOT a strategy mentioned by President Biden to combat inflation?

• Fixing broken supply chains

• Increasing military spending

• Improving infrastructure

• Passing clean energy tax credits

What does President Biden emphasize as necessary for the US economy?

• Maintaining the current deficit

• Ignoring the federal deficit

• Reducing the federal deficit

• Increasing the federal deficit