@IgorBelykh 1 June 2022 more from that month

Biden held a meeting with the head of the Fed, Jerome Powell, after which he noted the importance of fighting inflation No additional statements were made, but the media believe that Biden instructed Powell to kill inflation from two trunks (raising the rate + selling assets from the Fed's balance sheet) to the Democrats failed miserably in the fall congressional elections. It is possible that Powell was even allowed to sacrifice the stock market to bring inflation back to normal. Source: https://www.wsj.com/articles/biden-powell-to-meet-with-inflation-at-its-highest-in-40-years-11654018722?mod=hp_lead_pos7