President Joe Biden on Tuesday will launch a task force to combat “unfair and illegal” corporate pricing amid record inflation under the 46th president. The Federal Trade Commission (FTC) and the Department of Justice (DOJ) will lead the task force to police what the Biden administration believes are the reasons consumers are experiencing higher prices than ever. “We’re excited to be co-chairing the president’s new Strike Force on Unfair and Illegal Pricing, which builds on the FTC’s far-reaching work to promote competition and tackle unlawful business practices that are inflating costs for Americans,” FTC Chair Lina Khan said.