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.
In March, journalists from The Associated Press and the Press Trust of India gathered in Kochi, India, for a workshop on climate and environmental coverage that was supported by the Stanley Center for Peace and Security. During the workshop, PTI journalists did reporting on several stories, which are being co-published by the AP.
“Lowering interest rates isn’t a declaration of victory,” Biden told the Economic Club of Washington, D.C. “It’s a declaration of progress, to signal we’ve entered a new phase of our economy and our recovery.” “Trickle down down economics failed,” Biden said. “He’s promising again trickle down economics. It will fail again.”A spokesman for Trump’s campaign did not immediately respond to a request for comment. But Trump has routinely hammered Biden and Vice President Kamala Harris, the Democratic candidate this year,Zelenskyy to meet Biden, Harris as Ukraine pushes US to loosen restrictions on long-range weaponsBiden dismissed Trump’s claims that he supports workers, saying “give me a break.
He expressed hope that the rate cut will make it more affordable for Americans to buy houses and cars.
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