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Fed, rate cut
US Fed rate cut is 'very positive sign' for economy: Yellen
The US central bank's decision to slash interest rates this week is a "very positive sign" for where the world's biggest economy stands, US Treasury Secretary Janet Yellen said Thursday.
"I'm not here to take a victory lap": President Biden says Fed lowering interest rates is a "declaration of progress."
No one should confuse why I'm here. I'm not here to take a victory lap. I'm not here to say a job well done. I'm not here to say we don't have a hell of a lot more work to do. We do have more work to do.
Biden to take victory lap on economy after historic fed interest rate drop, White House says
The White House chief of staff recalled how Biden came into office with what he described as “a once-in-a-generation pandemic and an unprecedented shutdown in the economy” for which the outgoing administration had left “no plan or path forward.”
ABC News
15h
President Biden
In remarks on Thursday at the Economic Club in Washington, President
Joe
Biden
said the
Fed
's rate cut was "an important day," but stopped short of declaring victory. U.S. intelligence agencies ...
The Independent on MSN
4h
Watch: Biden delivers verdict on interest rates after Fed cut
In an official statement, the
Fed
’s Federal Open Market Committee said: “The Committee seeks to achieve maximum employment ...
14h
on MSN
Biden touts economic gains, acknowledges a long way to go
Biden spoke a day after the Federal Reserve cut interest rates a half-point, an important marker that suggested a shift from ...
15h
on MSN
Biden to celebrate progress of American economy in Thursday remarks
In remarks on Thursday at the Economic Club of Washington, D.C., President Biden will celebrate the progress of the American ...
15h
on MSN
Biden blasts Trump’s calls for reducing Fed’s independence, warning of potential for ‘enormous damage’ to economy
In a speech Thursday following the Federal Reserve’s interest-rate cut, President Joe Biden talked up the importance of the U ...
15h
Biden says 'I've never once spoken to the chairman of the fed'
President Biden claims he has never spoken to Federal Reserve Chairman Jerome Powell as president, despite May 2022 meeting.
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