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

President Biden on Thursday he falsely claimed that 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.

Speaking to the Economic Club of Washington, Biden said: “Unlike my predecessor, I respect Federal Reserve independence as they sought a mandate to bring down inflation.”

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

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

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

“The president emphasized to Chairman Powell at the meeting what he has consistently emphasized, 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.

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Prior to that, in November 2021, Biden also introduced Powell during a press conference to announce his nominees for chairman and vice chairman of the Federal Reserve System’s Board of Governors.

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During his time as president, Trump called once Powell “clueless” in a tweet, writing: “We should be able to easily reap big rewards and profits, but the Fed is holding us back. We will win!”