How do I print in black and white?

In the middle of your first screenshot there is a dropdown box that says "Preview." There are more options in that dropdown box. Click it - normally, one of the additional options is Print Settings (or something similar), where you can select Color, Greyscale or Black & White.

In my case, I have an Epson photo printer, but your HP should have similar settings.

When you click "Preview":

When you then select "Print Settings":

It depends on the printer driver.

In my home printer (also from HP), there is a checkbox right at the top:

But on a different printer, they may appear in a different place.

Check that popup menu that now says "Preview". Maybe it is in there if you choose instead "Printer features" or "Paper and Quality" or something like that. As I said, it varies. The actual printer driver determines this.

Does File Menu -> Page Setup give you more options?

If not, this website can take a Save to PDF that is color, and make it black and white.

There are exactly two drivers for your HP device that are compatible with macOS Monterey: 1) the one that the HP Easy Start application installs for you¹, and 2) the built-in Apple AirPrint driver for the E67550dn when you have the device networked. That latter does not need a driver download from HP and provides you with vendor independence.

¹ There are firmware updates released in June 2022 and Aug 2022 that are not in version order but may add features to your device that Windows users already have.