Biden on Inflation Fight: Respect the Fed

The transcript discusses the importance of respecting the Federal Reserve's independence and the President's role in nominating qualified individuals to the Fed. It highlights the Fed's dual responsibilities of ensuring full employment and stable prices, with a current focus on addressing inflation. The text also mentions the confirmation of board members and anticipates future leadership under Chairman Powell, as well as the Senate's consideration of Michael Barr as a nominee.

What tools does the Federal Reserve plan to use to address rising prices?

Who is the final nominee to the board mentioned in the text?