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...
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: Biden lauds Fed’s rate cut in speech at Economic Club of …
Sep 19, 2024 — WASHINGTON (AP) — 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...
Biden Says Fed Made 'Declaration of Progress' With Interest Rate …
Sep 19, 2024 — WASHINGTON (AP) — 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...
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...
The Fed and White House combine for a day that cuts to the heart …
Nov 2, 2022 — What to expect from the Federal Reserve meeting. The Fed triggered another historic interest rate hike and, about a half-mile away at the White House, Biden hosted an event to highlight the...
Biden reappoints Jerome Powell as Federal Reserve chairman - NPR
Nov 22, 2021 — President Biden has tapped Jerome Powell to serve a second term as chairman of the Federal Reserve as the economy faces huge challenges, including surging inflation.
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...
WATCH: Fed Chair Powell suggests taming inflation will take ... - PBS
May 1, 2024 — The combination of high interest rates and persistent inflation has also emerged as a potential threat to President Joe Biden’s re-election bid. “In recent months,” Chair Jerome Powell said at...