Q: Biden never spoken with Fed chairman? A: not spoken to Powell about interest rates

Zeke Miller: “The President, in his remarks about an hour ago, said that he had never spoken with the Fed chairman since he’s been in the White House. That’s obviously not true. They met in the Oval Office in 2022. Could you clarify the President’s remarks there and why did he say that?”

WH economic adviser Jared 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. Never has the president spoken to Chair Powell about interest rates as President, never has he pressured him.”

Zeke Miller: “But he misspoke an hour ago. [Inaudible]?”

WH economic adviser Jared Bernstein: “The President was saying he’s not spoken to Chair Powell about interest rates as President. That’s what he — that’s certainly what he meant, and he certainly didn’t pressure him in that discussion that occurred in May of ‘22.”

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Q: Biden never spoken with Fed chairman? A: not spoken to Powell about interest rates

Key Points

Zeke Miller: “The President, in his remarks about an hour ago, said that he had never spoken with the Fed chairman since he’s been in the White House

• They met in the Oval Office in 2022
• Could you clarify the President’s remarks there and why did he say that
• ”

WH economic adviser Jared Bernstein: “Sure, the President was saying that he has not spoken to Chair Powell about interest rates

Transcript Highlights

The following is transcribed from the video audio:

• President’s remarks that I never said that he had never spoken with that chairman since he’s been in the White House
• Can you clarify the president’s remarks there and why he said that
• 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
• Never has the president spoken to chair Powell about interest rates as president
• Never has he pressured him and you know the reason for that and I speak to you now By the way, I’ve never once spoken to the chairman of Fed since I became president
• The president was saying he’s not spoken to chair Powell about interest rates as president
• That’s what he that’s certainly what he meant and he certainly didn’t pressure him in that discussion that occurred in May of 22

Full transcript: 188 words transcribed via Whisper AI.