Notably, President Biden and Chairman Powell had a significant meeting at the White House back in May 2022. This was one of the multiple occasions they discussed pertinent economic policies face-to-face.

Biden's Previous Encounters With Fed Chair Highlighted

The May 2022 meeting was reported by Bloomberg as Biden’s "third in-person session with Powell" since his presidential term began, pointing to a regular dialogue rather than an absence of communication.

This engagement was part of a broader effort by Biden to address national economic challenges, particularly inflation, which he has repeatedly pledged to tackle by respecting the Federal Reserve's autonomy.

During a November 2021 press event, Biden stood alongside Powell, announcing his re-nomination, emphasizing the crucial role of the Federal Reserve in economic stabilization and acknowledging its independence as pivotal for economic health.

Contradiction Between Public Statements and Records

President Biden, speaking at the Economic Club of Washington, reiterated his respect for the Fed's independence, crucial in the fight against inflation. He remarked on the importance of maintaining this autonomy to avert potential economic turmoil.

However, within the same speech, Biden claimed, "I've never once spoken to the chairman of the Fed since I became president." This statement starkly contrasts with his acknowledged meetings and public interactions with Powell.

Brian Deese, the then-director of the White House National Economic Council, also confirmed Biden’s active involvement and respect for the Federal Reserve's independence following the May 2022 meeting.

Former President Trump's Critical Remarks on Powell

Former President Donald Trump had a markedly different relationship with Jerome Powell, often expressing dissatisfaction with his decisions. Trump notoriously labeled Powell as "clueless" in his public communications, criticizing the Federal Reserve's policies under his administration.

Trump's approach starkly contrasts with Biden's expressed deference to the Federal Reserve's independence, underscoring differing presidential attitudes towards monetary policy leadership.

The discrepancy between Biden's recent statements and his documented interactions with Powell raises questions about his remarks and the perceived ongoing independence of the Federal Reserve under his administration.