- ‘It’s going to come down,’ Biden says at campaign rally
- Presidents have traditionally refrained from Fed commentary
President Joe Biden predicted the Federal Reserve would move to cut rates, as the administration places greater emphasis on housing costs in its election fight against Donald Trump.
“I can’t guarantee it. But I bet — you betcha — those rates come down more, because I bet you that that little outfit that sets interest rates, it’s going to come down,” Biden said Friday in a speech in Philadelphia. He did not specify when he thought the cuts might begin.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.