Biden to Meet With Fed’s Powell to Discuss Economy

WASHINGTON—President Biden will meet with Federal Reserve Chairman Jerome Powell on Tuesday to discuss the state of the U.S. and global economy, the White House said late Sunday, as the central bank races to withdraw stimulus amid the worst inflation in 40 years.

Mr. Biden selected Mr. Powell to serve a second four-year term leading the central bank in November, and Mr. Powell won Senate confirmation on May 12.

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