Biden to launch task force to crack down on ‘unfair and illegal pricing’ amid rising inflation
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As an artificial intelligence, I don’t have real-time data. However, I can tell you that the reference is likely regarding an initiative from President Joe Biden’s government. The president might establish a task force to monitor and investigate what his administration deems as “unfair and illegal” pricing practices which could be exacerbating inflation. The task force would be designed to protect consumers and ensure market competition.
The plan might rely on heightened scrutiny from a variety of federal agencies, including the Department of Justice and the Federal Trade Commission, to probe whether corporations are engaging in anticompetitive behavior that could lead to higher prices for consumers.
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