President Biden says he has "never once spoken to the chairman of the fed since I became president," despite a May 2022 meeting with Jerome Powell.
The president’s speech on Thursday won’t be a “victory lap,” officials said, but it will celebrate falling inflation and borrowing costs along with solid growth.
Although the union did not explicitly back former President Donald Trump, he viewed the decision to not endorse the Vice President as a victory.
President Joe Biden is celebrating the Federal Reserve’s decision to lower interest rates by saying it shows that inflation has eased.
Biden clearly linked the aftermath of the pandemic – with shipping lanes clogged, goods scarce and people shut in and working remotely – to the economic problems he faced. But he also blamed Russian President Valdimir Putin’s 2023 invasion of neighboring Ukraine for driving up energy prices, adding to inflation.
The White House chief of staff recalled how Biden came into office with what he described as “a once-in-a-generation pandemic and an unprecedented shutdown in the economy” for which the outgoing administration had left “no plan or path forward.”
The former president emphasized the words “a woman” by sitting up straight and putting both hands in front of him, lightly cupping the air.
President Joe Biden and Vice President Kamala Harris have repeatedly touted on the campaign trail their efforts to lower drug prices, including a $2,000 limit on Medicare enrollees’ out-of-pocket prescription costs that starts in January.
In a speech Thursday following the Federal Reserve’s interest-rate cut, President Joe Biden talked up the importance of the U.S. central bank’s independence while criticizing Republican presidential nominee Donald Trump’s stated desire to wield more influence over the Fed.
Biden on Thursday touted the work that his administration has done in steering the nation’s economy over the last three-and-a-half years and promised it would continue to prospe
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. Biden use