Biden Claims No Contact with Fed Chair Powell Since Presidency on September 19, 2024

Sep 19, 2024, 06:26 PM

President Joe Biden stated on September 19, 2024, that he has not spoken to Federal Reserve Chair Jerome Powell since becoming President. This claim was made during remarks at the Economic Club in Washington, D.C. Biden emphasized the importance of the Federal Reserve's independence. However, this statement has been contradicted by multiple sources, noting that Biden has met with Powell several times, including in the Oval Office. White House Economic Adviser Jared Bernstein later clarified that Biden meant he had not spoken to Powell specifically about interest rates.