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Reports: Biden begging Federal Reserve’s Powell to curb inflation Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington. (AP Photo/Susan Walsh, Pool, File) OAN Newsroom UPDATED 3:23 PM PT – Monday, July 19, 2021 Joe Biden has reportedly begged the U.S. Central Bank to curb inflation that has been spiraling out of control under his watch. According to reports on Monday, Biden asked Federal Reserve Chair Jerome Powell to do “whatever it takes” to control inflation. According to reports, Biden officials have been worried that skyrocketing consumer prices would further erode his waning popular support. U.S. inflation rose 5.4 percent year-on-year this month, which was way above the Federal Reserve’s two percent target.

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