Biden adviser calls for grocery chains to bring down their profit margins, as elevated prices still sting

A top Biden economic adviser on Thursday pressed on with the administration’s recent effort to go after grocery stores and food companies over elevated prices, as inflation remains a major worry for voters as November’s presidential election nears.

“Grocery prices, they are important to people because they pay those prices every week,” said Lael Brainard, director of President Joe Biden’s National Economic Council, during a news conference at a National Association for Business Economics event in Washington, D.C.

“We’ve…