In the face of escalating inflation and a dwindling approval rating, President Joe Biden is urging major grocery chains to lower food prices, accusing them of capitalizing on the situation and exploiting consumers. What Happened: Biden has started to put pressure on large grocery chains to decrease food prices for American consumers. The President has charged these stores with making excessive profits and taking advantage of shoppers, reported The New York Times on Thursday. “There are still too many corporations in America ripping people off: price gouging, junk fees, greedflation, shrinkflat…