Fed Chair Jerome Powell revealed that he hasn't spoken with President Joe Biden for over two years, even amid persistent inflation and economic challenges.

Powell's disclosure came during an inquiry by Rep. Mike Lawler, who expressed surprise at the lack of communication.

This revelation adds to the speculation about Biden's governance and potential reelection plans for 2024.

Concurrently, two Republican-led legislative efforts aim to dissolve the Fed, while the Project 2025 paper seeks to reduce its independence.

Powell’s comments underscore concerns about the Biden administration's indifference to the central bank's autonomy.