NEW YORK -- President Joe Biden touted the Federal Reserve interest rate cuts as a major milestone in the fight against inflation and marker of success for his economic agenda as he nears the end of a term plagued by increasing prices despite strong growth.
"Yesterday was an important day for the country," Biden said in a speech at the Economic Club of Washington, D.C., adding that lower interest rates will be good for the U.S. economy and a signal from the Fed that inflation has been reined in.
