By Jeff Mason and Jarrett Renshaw (Reuters) – U.S. President Joe Biden and Federal Reserve Chair Jerome Powell met on Tuesday to discuss historic inflation that is draining Americans’ pocketbooks. The meeting, the first since Powell’s confirmation for a second term by the Senate earlier this month, comes as Biden seeks to lower costs for gasoline, food and consumer goods that have sent inflation to 40-year highs. In brief remarks ahead of the meeting, Biden said he was meeting with Powell and U.S. Treasury Secretary Janet Yellen to “discuss my top priority, and that is addressing inflation.” B…