Biden congratulates Powell, promises Fed ‘laser focus’ on inflation Financial News May 31, 2022 1 min read U.S. President Biden announces nomination of Federal Reserve Chair Powell for second four-year term at the White House in Washington Facebook X Reddit Email Telegram Pinterest Whatsapp Bluesky WASHINGTON – U.S. President Joe Biden said he and Jerome Powell will discuss inflation in a White House meeting Tuesday, and pledged to give the Federal Reserve chair space to do his job. (Reporting by Jeff Mason) bidencongratulatesFedfocusInflation,Laserpowell,promisesuncategorized