Biden says Fed targeting inflation

FILE PHOTO: U.S. President Biden speaks about expanding high-speed internet access, during Rose Garden event at the White House in Washington
FILE PHOTO: U.S. President Joe Biden arrives to deliver remarks on expanding high-speed internet access, during a Rose Garden event at the White House in Washington, U.S., May 9, 2022. REUTERS/Kevin Lamarque/File Photo

By Jeff Mason and Trevor Hunnicutt

U.S. President Joe Biden, under pressure to tame high inflation, told Americans on Tuesday that he understands what they are grappling with and that he and the U.S. Federal Reserve are working to solve the top issue weighing on his administration.