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

EXCERPT:

BERNSTEIN: “Sure. The president was saying that he has not spoken to Chair Powell about interest rates. He did not pressure Powell and has never done so. And in fact, in the speech today, that was in the section about Fed independence and about the importance of respecting and honoring that independence. It’s obviously a stark contrast with our predecessor.”