{"id":58666,"date":"2022-01-20T01:49:59","date_gmt":"2022-01-19T21:49:59","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=58666"},"modified":"2022-01-20T01:55:13","modified_gmt":"2022-01-19T21:55:13","slug":"biden-urges-fed-to-recalibrate-support-for-us-economy","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/biden-urges-fed-to-recalibrate-support-for-us-economy\/01\/20\/market-updates\/","title":{"rendered":"Biden Urges Fed To Recalibrate Support For US Economy"},"content":{"rendered":"\n<p>During a news conference in the East Room of the White House in Washington, D.C., US President Joe Biden on Wednesday said it is appropriate for the Federal Reserve to recalibrate the support it provides to the US economy, given the strength of the recovery and recent price increases.<br><br>&#8220;Given the strength of our economy and recent price increases, it&#8217;s appropriate, as &#8230; Fed Chairman Jerome Powell has indicated, to recalibrate the support that is now necessary,&#8221; Biden said.<br> <br>Biden also called on the US Senate to confirm his recent nominations for key roles on the Federal Reserve Board &#8220;without any further delay.&#8221;<br><br><strong>Inflation and Price Control<\/strong><br>Biden said it\u2019s the Federal Reserve\u2019s job to rein in the fastest pace of inflation in decades, and backed the central bank\u2019s plans to scale back monetary stimulus.<br><br>\u201cThe critical job in making sure that the elevated prices don\u2019t become entrenched rests with the Federal Reserve,\u201d Biden said Wednesday in a press conference marking his first year in office. \u201cGiven the strength in the economy, and the pace of recent price increases, it\u2019s appropriate,\u201d as Fed Chair Jerome Powell has indicated, \u201cto recalibrate the support that is now necessary,\u201d Biden added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>During a news conference in the East Room of the White House in Washington, D.C., US President Joe Biden on Wednesday said it is appropriate for the Federal Reserve to recalibrate the support it provides to the US economy, given the strength of the recovery and recent price increases.&#8220;Given the strength of our economy and &hellip;<\/p>\n","protected":false},"author":13,"featured_media":32694,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4707,36],"tags":[6885,6987,7580,8588,6858],"class_list":["post-58666","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-breaking-news","category-market-updates","tag-fed","tag-inflation","tag-monetary-policy","tag-price-control","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/58666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=58666"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/58666\/revisions"}],"predecessor-version":[{"id":58672,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/58666\/revisions\/58672"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32694"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=58666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=58666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=58666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}