Key takeaways from the Fed’s decision to deliver a jumbo-sized …
Sep 18, 2024 · President Joe Biden acknowledged the Fed’s success at such a critical juncture, saying in a statement on X that “we just reached an important moment.” Meanwhile, stocks seesawed after the...
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 ...
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...
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 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.
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...
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 surge...
Biden White House closely watching Federal Reserve following bank ... - CNN
Mar 22, 2023 · CNN — All eyes are trained on the Federal Reserve as it prepares to announce another potential interest rate hike Wednesday afternoon – exactly 10 days after the Biden administration stepped in...
WATCH: Powell speaks after Federal Reserve signals only one
Jun 12, 2024 · Though the unemployment rate is a low 4%, hiring is robust and consumers continue to spend, voters have taken a generally sour view of the economy under President Joe Biden. In large part,...
The Fed and White House combine for a day that cuts to the heart …
Nov 2, 2022 · CNN — Two Washington power centers Wednesday laid bare the politically poisonous dynamics of the top economic issue threatening President Joe Biden’s congressional majorities with the midterm...