Fed made 'declaration of progress' with interest rate cut, says Biden
President Joe Biden said on Thursday the Federal Reserve's decision to lower interest rates was an important signal that inflation has eased as he poked at Donald Trump's economic policies as a failure in the past and sure to fail again if revived. Lowering interest rates isn't a declaration of victory," Biden told the Economic Club of Washington, DC. "It's a declaration of progress, to signal we've entered a new phase of our economy and our recovery. The Democratic president emphasised that there was more work left to do... Читать дальше...