U.S. President Joe Biden plans to establish a new task force with a primary goal of investigating ‘unfair and illegal pricing’ amidst growing concerns over inflation. The task force, led by the Department of Justice and several federal agencies, will focus on exploring and cracking down on potential anti-competitive behaviors that could be contributing to rising inflation and price increases. These agencies will scrutinize sectors where there is lack of competition, which can drive up the prices of goods and services. The move comes as the Biden administration seeks to tackle economic challenges and manage the rising cost of living for American households.
Biden to launch task force to crack down on ‘unfair and illegal pricing’ amid rising inflation
