Biden to launch task force to crack down on ‘unfair and illegal pricing’ amid rising inflation

President Joe Biden has announced plans to launch a new task force that will focus on investigating and cracking down on ‘unfair and illegal pricing’ across a variety of sectors. This decision comes amid rising inflation rates in the United States. The task force will aim to counter corporate consolidation and increase competitiveness, which, according to the Biden administration, will help decrease prices and improve wages, services, and quality for consumers. The group is set to take a multifaceted approach to the issue, tackling everything from import and export costs, to the burgeoning digital marketplace, to mergers and acquisitions that could potentially reduce competition.

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