Biden: Expect interest rates to fall further
PANews reported on September 20 that, according to Cailian News, U.S. President Biden stated that the work to combat inflation is not yet complete, lowering borrowing costs will help economic growth, and interest rates are expected to decline further. The Federal Reserve's interest rate cut indicates that the economy and recovery are entering a new stage, and he respects the independence of the Federal Reserve. Since taking office at the White House, he has not spoken with Federal Reserve Chairman Powell.
