Posted 3/5/2024, 3:47:47 PM
Biden Targets Corporate Pricing Practices Amid High Inflation
- Biden launching new task force to crack down on "unfair and illegal" corporate pricing amid high inflation
- Task force to be led by Federal Trade Commission and Department of Justice
- Part of Biden's ongoing crusade against corporate pricing practices he sees as unfair
- Questions remain about regulators' legal authority to address aggressive pricing
- Comes as polls show growing economic optimism, though Biden still trails Trump in hypothetical 2024 match-up