On May 31, local time, the White House issued a statement saying that U.S. President Biden met with Federal Reserve Chairman Powell and Treasury Secretary Yellen on the same day to discuss inflation.

  In remarks ahead of the talks, Biden said tackling inflation was his top priority.

He also pointed to the Fed's dual mandate, including full employment and stable prices, and he looked to Powell to continue his leadership in tackling inflation.

(CCTV reporter Gu Xiangyin Yue)