Skip to Content

Biden says Fed made ‘declaration of progress’ with interest rate cut

KTVZ - NewsChannel 21

Associated Press

WASHINGTON (AP) — President Joe Biden is celebrating the Federal Reserve’s decision to lower interest rates by saying it shows that inflation has eased. He told the Economic Club of Washington, D.C., on Thursday that he wasn’t declaring victory, but the country had entered a new phase of its recovery from the pandemic. Biden also criticized Donald Trump, his Republican predecessor who is running for another term this year. He said Trump would increase costs on Americans with tariffs that he described as a “new sales tax.”

Article Topic Follows: AP National News

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KTVZ NewsChannel 21 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content