Fed cuts interest rates heading into end of Biden White House …
5 days ago · The Fed’s new benchmark rate is 4.5% to 4.75%. It’s the Fed’s second cut since it paused rates last year following an aggressive rate-hiking campaign to tame inflation. The Fed raised rates 11 times between March 2022 and July 2023. Dante DeAntonio, labor economist at Moody’s Analytics, said the general public probably won’t feel a ...
US monetary policy still restrictive, two Fed officials say
12 hours ago · Republican President-elect Donald Trump's victory in last week's election also creates fresh uncertainty. Trump, who will take over from Democratic President Joe Biden in January, has promised to ...
News updates from November 7: Fed cuts rates by a quarter point; Biden …
6 days ago · News updates from November 7: Fed cuts rates by a quarter point; Biden urges Americans to bring down ‘temperature’ in politics on facebook (opens in a new window) News updates from November 7 ...
Key takeaways from the Fed’s decision to deliver a jumbo-sized
Sep 18, 2024 · The Federal Reserve slashed interest rates aggressively Wednesday, announcing the first rate cut since March 2020. The half-point move paves the way for lower borrowing costs on everything from...
After Fed Cuts Rates, Biden Claims Credit for Economy’s Strength
Sep 19, 2024 · President Biden on Thursday hailed the Federal Reserve’s move this week to begin cutting interest rates, casting it as a sign of America’s economic health and evidence that a national price...
Biden expects Fed to continue cutting interest rates | Reuters
Sep 19, 2024 · U.S. President Joe Biden said on Thursday he expects the Federal Reserve to continue cutting interest rates and vowed that his administration would keep working to lower costs for Americans.
Biden says Fed made 'declaration of progress' with interest
Sep 19, 2024 · President Joe Biden said 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...
A Fed Rate Cut Would Cap a Winning Streak for Biden and Harris …
Sep 18, 2024 · A Fed Rate Cut Would Cap a Winning Streak for Biden and Harris on Prices. Improved data on borrowing costs and price growth has buoyed consumers, but it might be coming too late to significantly...
WATCH: Powell speaks after Federal Reserve signals only one
Jun 12, 2024 · WASHINGTON (AP) — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark...
Biden renominates Powell as Fed chair, cites 'steady and decisive ...
Nov 22, 2021 · President Joe Biden on Monday renominated Jerome Powell as Federal Reserve chairman, ending months of speculation over who would run the central bank for the next four years, the White House...