President Joe Biden, during a White House press conference alongside Japanese Prime Minister Fumio Kishida, addressed concerns about inflation and monetary policy. He stated that while recent inflation data might push back the timing, he still anticipates a rate cut before the end of the year. Despite the unexpected rise in March's inflation figures, Biden remains confident in his administration's plan to tackle inflation and believes the Federal Reserve will implement a rate cut, potentially delayed by a month. This stance was reiterated in various statements where Biden emphasized his prediction for a rate cut, acknowledging that the exact timing could be affected by the Federal Reserve's decisions in response to the latest economic data.
"Well, I do stand by my prediction that, before the year is out, there’ll be a rate cut,” Biden said Wednesday at a White House press conference alongside Japanese Prime Minister Fumio Kishida https://t.co/msDzwX05mv https://t.co/Cma9jNMHsF
"Before the year is out there’ll be a rate cut.” US President Biden stands by his prediction that the Federal Reserve would cut interest rates by the end of the year, despite a new report showing stubbornly high inflation https://t.co/hl385oGxAo https://t.co/0JhjjeqlI1
⚠️ JUST IN: *U.S. PRESIDENT BIDEN: WILL BE RATE CUT BEFORE THE END OF THE YEAR *BIDEN: STAND BY PREDICTION FOR RATE CUT *BIDEN: RATE CUT MAY BE DELAYED FOR A MONTH https://t.co/HvPvYaFSGf
*BIDEN: RATE CUT MAY BE DELAYED FOR A MONTH Fed Chair Jeo Boden https://t.co/y9WY7POd4Y
Biden says he still sees rate cut before year’s end, but current inflation data may delay a rate cut by a month
President Joe Biden says there will be an interest rate cut before the end of the year 👀 https://t.co/ad43kUesqM
Biden commented on monetary policy today: "Well, I do stand by my prediction that, before the year is out, there'll be a rate cut. This may delay it a month or so, I'm not sure of that, we don't know what the Fed is going to do for certain"
JUST IN: 🇺🇸 US President Joe Biden says an interest rate cut may be delayed by at least a month.
BIDEN: STANDBY PREDICTION FOR RATE CUT -BBG BIDEN: WILL BE RATE CUT BEFORE THE END OF THE YEAR -BBG
Biden (Yes, Biden) Promises Rate-Cut By Year-End As Fed Minutes Signal Caution & Slowing QT https://t.co/5QbqK8gpvs
JUST IN: 🇺🇸 US President Joe Biden says a rate cut could delayed by at least a month, and will be cut by end of year.
Dude, STFU. 🤣 Biden: Inflation news may delay rate cut, but I don't know what fed will do, but there will be rate cut before the end of the year.
Biden says he still sees rate cut before year’s end https://t.co/Zay1hG0Eck
FED chair Biden says delayed cuts. 👀 https://t.co/HbHDDMyzvi
BIDEN: STANDBY PREDICTION FOR RATE CUT -BBG BIDEN: WILL BE RATE CUT BEFORE THE END OF THE YEAR -BBG Holy fcking sht https://t.co/eNyZVUBUMt
Biden still "expects a rate cut this year", could be delayed a month... Since when does the executive branch determine rate cuts?
President Biden is now speaking directly on Fed interest rate policy - saying the data may delay a rate cut by a month - but he believes a rate cut will occur this year and he 'has a plan to solve inflation'.
Biden stands by his prediction that "there will be a rate cut" before the year ends, despite news that inflation rose higher than expected in March. "This may delay it a month or so..We’re in a situation where we're better situated than we were when we took office," he argued.
JOE BIDEN SAYS RATE CUTS FROM THE FED MIGHT BE DELAYED BY A MONTH AFTER TODAY’S INFLATION NUMBERS BIDEN ADDED THAT THERE WILL BE RATE CUTS BEFORE THIS YEAR ENDS
JOE BIDEN SAYS RATE CUTS FROM THE FED MIGHT BE DELAYED BY A MONTH AFTER TODAY’S INFLATION NUMBERS BIDEN ADDED THAT THERE WILL BE RATE CUT BEFORE THIS YEAR ENDS
JOE BIDEN SAYS RATE CUTS FROM THE FED MIGHT BE DELAYED BY A MONTH AFTER TODAY’S INFLATION NUMBERS
JUST IN: 🇺🇸 President Joe Biden says today's rising inflation report may delay interest rate cuts.
🇺🇸 PRESIDENT BIDEN: INFLATION NEWS MAY DELAY RATE CUT, BUT I DON'T KNOW WHAT FED WILL DO BUT THERE WILL BE RATE CUT BEFORE THE END OF THE YEAR
BIDEN: WILL BE RATE CUT BEFORE THE END OF THE YEAR - after his defeat in November https://t.co/jzrVJsRFb8
BIDEN: RATE CUT MAY BE DELAYED FOR A MONTH
*BIDEN: RATE CUT MAY BE DELAYED FOR A MONTH wtf is going on
*BIDEN: WILL BE RATE CUT BEFORE THE END OF THE YEAR wow
BIDEN: INFLATION NEWS MAY DELAY RATE CUT, BUT I DON'T KNOW WHAT FED WILL DO, BUT THERE WILL BE RATE CUT BEFORE THE END OF THE YEAR.
🔴 BIDEN: WE HAVE A PLAN TO DEAL WITH INFLATION.
🔴 BIDEN: INFLATION NEWS MAY DELAY RATE CUT, BUT I DON'T KNOW WHAT FED WILL DO, BUT THERE WILL BE RATE CUT BEFORE THE END OF THE YEAR.