Published 20 days ago

Biden’s Plan B on Inflation

Summary by Political Wire

“President Biden and his economic team had high hopes about how two years of rapid inflation would play out in the months leading to the November presidential election. Price growth would continue to cool. The Federal Reserve would cut interest rates. Mortgage rates and other borrowing costs would fall. Consumer moods would improve, and so would Mr. Biden’s re-election prospects,” the New York Times reports. “What’s happening instead is more pro…

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Political Wire

Biden’s Plan B on Inflation

20 days ago·New York, United States

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El Tiempo Latino

Biden's Plan B on inflation is to blame Trump

President Biden's message is evolving as price pressures are not falling fast enough to guarantee interest rate cuts he expected by November. The president and his economic team had high hopes on how inflation would evolve in the months before the November presidential elections. Inflation would continue to cool off, the Federal Reserve would cut interest rates, mortgage rates and other borrowing costs would decrease, consumer sentiment would im…

20 days ago

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