We have discovered something that the supporters of Kamala Harris and Donald Trump agree on: the Federal Reserve’s half-point interest rate cut this week was“It really is a political move,” Trump said Thursday in interview with Newsmax. “Most people thought it was going to be half of that number, which probably would have been the right thing to do.”
“The Fed lowering interest rates isn’t a declaration of victory. It’s a declaration of progress. It’s a signal we’ve entered a new phase of our economy and our recovery, ” Biden said in a speech Thursday at the“I’m not here to take a victory lap. I’m not here to say, job well done. I’m not here to say, we don’t have a hell of a lot more work to do.”. In that same speech, Biden very weirdly claimed that he has not met with Powell since becoming president. That’s obviously untrue.
“I know prices are still too high for many middle class and working families, and my top priority as president will be to lower the costs of everyday needs like health care, housing, and groceries,” said Harris in a statement.
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