Biden: The Federal Reserve Is Lowering Interest Rates ...Middle East
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President Biden spoke last week at the Economic Club in Washington, D.C. Biden was Monday’s KVML “Newsmaker of the Day”. Here are his words: “Two and a half years after the Federal Reserve began raising interest rates, it announced that it would begin lowering interest rates. I think it’s good news for consumers, and it means the cost of buying a home, a car, and so much more will be going down. And it’s good news, in my view, for the overall economy, because lower borrowing costs will support economic growth. And it’s an important signal from the Fed- — from the Federal Reserve to the nation that after repeated interest hikes to cool down inflation, inflation has come back down, and the Fe
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