W.H.’s Bernstein: When Biden Said He Never Spoke with Fed Chair Since Becoming President, He Meant They Haven’t Spoken About Interest Rates

reporter The president in ░░░░░░░░ remarks about an hour ░░░░░░░░ said that he had ░░░░░░░░ spoken with Fed chairman ░░░░░░░░ he s been in ░░░░░░░░ White House That s ░░░░░░░░ not true He met ░░░░░░░░ in the Oval Office ░░░░░░░░ 2022 Can you clarify ░░░░░░░░ president s remarks there ░░░░░░░░ why did he say ░░░░░░░░ BERNSTEIN Sure The president ░░░░░░░░ saying that he has ░░░░░░░░ spoken to Chair Powell ░░░░░░░░ interest rates He did ░░░░░░░░ pressure Powell and has ░░░░░░░░ done so And in ░░░░░░░░ in the speech today ░░░░░░░░ was in the section ░░░░░░░░ Fed independence and about ░░░░░░░░ importance of respecting and ░░░░░░░░ that independence It s ░░░░░░░░ a stark contrast with ░░░░░░░░ predecessor.”