Close Menu
  • Entertainment
  • Lifestyle
  • Relationships
  • Tips & Tricks
  • Celebrity Kids
Facebook X (Twitter) Instagram
  • Disclaimer
  • About us
  • Privacy Policy
  • Contribute & Advertise with Us
Facebook X (Twitter) Instagram Pinterest Vimeo
GistFestGistFest
  • Entertainment

    Afrobeats Dominates UK Charts: Rema, Ayra Starr & More Lead a Global Takeover

    September 26, 2025

    Hilda Baci Breaks Guinness World Record with Largest Jollof Rice Dish Ever Cooked

    September 25, 2025

    Amy Poehler Calls Out the Oscars: Why Comedy Keeps Getting Snubbed

    September 24, 2025

    New Korean Dramas This September: “Queen Mantis,” “You and Everything Else,” “Ms. Incognito” & More Take Center Stage

    September 23, 2025

    “Nepo Babies” Rising in Fashion: Privilege, Talent, and the Runway Debate

    September 22, 2025
  • Lifestyle

    Afrobeats Dominates UK Charts: Rema, Ayra Starr & More Lead a Global Takeover

    September 26, 2025

    Hilda Baci Breaks Guinness World Record with Largest Jollof Rice Dish Ever Cooked

    September 25, 2025

    Amy Poehler Calls Out the Oscars: Why Comedy Keeps Getting Snubbed

    September 24, 2025

    New Korean Dramas This September: “Queen Mantis,” “You and Everything Else,” “Ms. Incognito” & More Take Center Stage

    September 23, 2025

    “Nepo Babies” Rising in Fashion: Privilege, Talent, and the Runway Debate

    September 22, 2025
  • Relationships

    Afrobeats Dominates UK Charts: Rema, Ayra Starr & More Lead a Global Takeover

    September 26, 2025

    Hilda Baci Breaks Guinness World Record with Largest Jollof Rice Dish Ever Cooked

    September 25, 2025

    Amy Poehler Calls Out the Oscars: Why Comedy Keeps Getting Snubbed

    September 24, 2025

    New Korean Dramas This September: “Queen Mantis,” “You and Everything Else,” “Ms. Incognito” & More Take Center Stage

    September 23, 2025

    “Nepo Babies” Rising in Fashion: Privilege, Talent, and the Runway Debate

    September 22, 2025
  • Tips & Tricks

    Afrobeats Dominates UK Charts: Rema, Ayra Starr & More Lead a Global Takeover

    September 26, 2025

    Hilda Baci Breaks Guinness World Record with Largest Jollof Rice Dish Ever Cooked

    September 25, 2025

    Amy Poehler Calls Out the Oscars: Why Comedy Keeps Getting Snubbed

    September 24, 2025

    New Korean Dramas This September: “Queen Mantis,” “You and Everything Else,” “Ms. Incognito” & More Take Center Stage

    September 23, 2025

    “Nepo Babies” Rising in Fashion: Privilege, Talent, and the Runway Debate

    September 22, 2025
  • Celebrity Kids

    “Nepo Babies” Rising in Fashion: Privilege, Talent, and the Runway Debate

    September 22, 2025

    Brody Jenner Ties the Knot With Tia Blanco in Dreamy Malibu Ceremony — See the Intimate Moments

    July 17, 2025

    Madison LeCroy Welcomes Baby No. 2 — the Heartwarming Story Behind the Name

    July 9, 2025

    Ariana Zolciak Supports Kim Zolciak and Siblings Amid Ongoing Money Issues

    July 7, 2025

    Sofia Richie and Elliot Grainge Revisit Lavish Wedding Venue Amid Backlash Over Cheating Rumors

    June 24, 2025
Subscribe
GistFestGistFest
Home » Biden Set to Launch Task Force to Fight “Unfair and Illegal Pricing” Amid Soaring Inflation
General

Biden Set to Launch Task Force to Fight “Unfair and Illegal Pricing” Amid Soaring Inflation

OmowunmiBy OmowunmiMarch 7, 20243 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
President Biden delivers remarks in Chicago surrounded by signage that reads: “Bidenomics.”
Source: POTUS/X
Share
Facebook Twitter LinkedIn Pinterest Email
President Biden delivers remarks in Chicago surrounded by signage that reads: “Bidenomics.”
Source: POTUS/X

President Joe Biden will launch a new task force on Tuesday. It aims to address “unfair and illegal” corporate pricing practices. Biden believes such practices significantly prevent consumers from experiencing the benefits of cooling inflation rates and a robust economy.

The task force will have joint Federal Trade Commission and Department of Justice leadership. These two agencies have been at the forefront of the Biden administration’s robust regulatory agenda for the past three years.

Assistant Attorney General for Antitrust Jonathan Kanter will co-chair the strike force alongside Khan. “Here at the Justice Department, we are confronting some of the world’s most powerful corporations so that we can improve the lives of American families,” Kanter stated during the call.

“On Tuesday afternoon, Biden will convene the sixth formal meeting of the White House Competition Council, a group of top officials throughout the administration tasked with rooting out anti-competitive practices across various industries,” stated National Economic Council Director Lael Brainard during the call. 

ALSO READ: Joe Biden Humiliated After Republicans Debunk Claims of “Lowering Prices”

“Over the last year, supply chains have returned to normal and inflation has come down,” she continued. “Some corporations aren’t passing those savings on to consumers… President Biden is fed up with corporate practices that unfairly raise costs for consumers, and he’s taking action.”

Ahead of the council meeting, the Consumer Financial Protection Bureau will release a final rule aimed at reducing credit card late fees. Additionally, the Agriculture Department will unveil finalized protections for farmers to guard against potentially discriminatory processing practices. 

These announcements and the meeting are part of Biden’s continued efforts against what he sees as unfair corporate pricing practices. Despite data indicating a robust U.S. economy, the White House contends that these practices directly influence public perception of the economy.

POLL—Should the Government Increase Taxes on the Wealthy To Reduce Economic Inequality?

“The competition council and its members have worked to bring down costs and everything from hearing aids to asthma inhalers to Epi-pens to air travel,” said Brainard.

The senior administration official emphasized that numerous statutes across various agencies can potentially address situations where high prices harm consumers. However, the specific actions regulators can take depend on the circumstances and timing.

Biden has highlighted “price gouging” and “shrinkflation” as examples of corporate pricing strategies that maintain high profits despite lower wholesale and transportation costs.

ALSO READ: “You Hate Americans!” Critics Slam President Biden Over His Handling of Migrant Crisis

Despite this, voters have largely attributed the post-pandemic cost of living to Biden rather than crediting him for the economy’s soft landing. However, recent polls indicate growing economic optimism among respondents.

Despite this optimism, Biden continues to trail his likely November opponent, former President Donald Trump, in head-to-head general election matchups.

You Might Also Like:

Charging EVs Now Cost An Equivalent of $17 Per Gallon: Are They Still Worth the Hype?

McDonald’s Announces Plans to Win Back Low-Income Customers Who Left Over New Prices

Taylor Swift Singapore Show Steals Spotlight at Southeast Asia Political Summit

Joe Biden Humiliated After Republicans Debunk Claims of “Lowering Prices”

Ohio Police Finds Postal Worker Shot Dead in His Mail Van, Says It’s a Targeted Attack

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleTrump “Infuriated” by Solitary Vote for Him as Speaker of the House
Next Article Mitch McConnell Endorses Trump for President

Related Posts

Entertainment

Afrobeats Dominates UK Charts: Rema, Ayra Starr & More Lead a Global Takeover

September 26, 2025
Entertainment

Amy Poehler Calls Out the Oscars: Why Comedy Keeps Getting Snubbed

September 24, 2025
Entertainment

New Korean Dramas This September: “Queen Mantis,” “You and Everything Else,” “Ms. Incognito” & More Take Center Stage

September 23, 2025
Latest Posts

Afrobeats Dominates UK Charts: Rema, Ayra Starr & More Lead a Global Takeover

September 26, 2025

Hilda Baci Breaks Guinness World Record with Largest Jollof Rice Dish Ever Cooked

September 25, 2025

Amy Poehler Calls Out the Oscars: Why Comedy Keeps Getting Snubbed

September 24, 2025

New Korean Dramas This September: “Queen Mantis,” “You and Everything Else,” “Ms. Incognito” & More Take Center Stage

September 23, 2025

“Nepo Babies” Rising in Fashion: Privilege, Talent, and the Runway Debate

September 22, 2025

 “The Conjuring: Last Rites” Smashes Box Office — Biggest Horror Premiere of 2025

September 19, 2025

Tyla Stuns at MTV VMAs 2025, Wins Best Afrobeats Over Burna Boy & Asake

September 18, 2025

Shock Divorce Filing: Akon’s Wife Reportedly Ends 29-Year Marriage

September 17, 2025
About
About

We’re a news, entertainment and lifestyle hub that is dedicated to giving you quality insight on the latest lifestyle news, movie and TV news, celebrity news and lots more.

Contact us: info@gistfest.com

MOST POPULAR

Alina Nikitina: Everything We Know About the Russian Model

October 4, 2023

Jacob’s Ladder Piercing: All You Need To Know

July 21, 2023

Jennifer Rauchet: Inside the Life of Pete Hegseth’s Wife

August 30, 2023

Subscribe to Updates

Get the latest news delivered straight to your inbox!

Facebook X (Twitter) Instagram
  • Disclaimer
  • About us
  • Privacy Policy
  • Contribute & Advertise with Us
© 2025 GistFest. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.