US

White House Launches New ‘Strike Force’ to Combat ‘Unfair and Illegal’ Pricing

Administration blames shrinkflation and price gouging for consumer price pressures.
White House Launches New ‘Strike Force’ to Combat ‘Unfair and Illegal’ Pricing
President Joe Biden attends a meeting with Congressional leadership in the Oval Office of the White House on Feb. 27, 2024. Jim Watson/AFP via Getty Images
Andrew Moran
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As part of efforts to clamp down on what the current administration calls greed-flation, President Joe Biden will launch a new joint “strike force” to fight “unfair and illegal” corporate pricing, the White House announced.

The latest task force creation will be led by the Federal Trade Commission (FTC) and the Department of Justice.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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