Biden to give 'declaration of progress' to economic club after Fed cuts
President Biden is scheduled to speak to the Economic Club of Washington, D.C. on Thursday in which he will make a “declaration of progress,” a day after the Federal Reserve cut interest rates. White House chief of staff Jeff Zients predicted that Biden's speech would be “not a declaration of victory but a declaration of […]
Powell: 'Quite a bit of progress' on inflation, but not enough to cut rates
Federal Reserve Chairman Jerome Powell said Tuesday that “significant progress” has been made toward stabilizing prices, but the central bank needs to see improving inflation measures before cutting interest rates to stimulate the economy. “We want to have greater confidence that inflation is declining sustainably towards 2 percent before we begin the process of easing […]