President Joe Biden, speaking in PA, has made public statements predicting that the Federal Reserve will lower interest rates, emphasizing the administration's focus on reducing housing costs. He expressed confidence that mortgage rates will decrease to '3% the new 2%', which could stimulate further investment in the housing market. His comments, including 'I bet you rates come down', have sparked discussions among investors and analysts about the potential implications for the economy.
BIDEN: "That little outfit that sets interest rates..." (Otherwise known as the Federal Reserve) https://t.co/loW9Q5wJsI
Correct: President Joe Biden predicted the Federal Reserve would cut rates, as the administration places greater emphasis on housing costs https://t.co/CupvbMQVw5
"I bet you rates come down," says Pres. Biden as he makes some surprising comments about the Fed. @SullyCNBC and @jeffkilburg discuss what it could mean for investors. https://t.co/jijdPuMh8i
Biden: “I can’t guarantee it. But I bet — you betcha — those rates come down more, because I bet you that that little outfit that sets interest rates, it’s going to come down.” https://t.co/AZM3PSxHCT
New tonight: for the 2nd time in 4 months, President Biden commented on the Fed Reserve’s policy making of setting interest rates. Tonight in Philly, he said he “bets” the Fed would lower rates. [Presidents don’t usually predict what the Fed will do bc they are independent] https://t.co/kxx88KgNHk
BREAKING: Biden says he predicts interest rates will come down
President Joe Biden predicted the Federal Reserve would soon cut rates, as the administration places greater emphasis on housing costs https://t.co/Czbet31Goe
BIDEN: I BET INTEREST RATES COME DOWN
BIDEN PREDICTS FED TO LOWER INTEREST RATES
🔴 JOE BIDEN PREDICTS INTEREST RATES WILL DECREASE.
Wow .. Biden speaking in PA just now: "that little outfit that sets interest rates .. it's going to come down. They're going to come down" Lower interest rates ahead?? #fed
BIDEN: MORTGAGE RATES WILL COME DOWN AND THE FED ACKNOWLEDGES THAT With the amount of money on the sidelines just waiting for lower rates to buy… pouring more gas on the fire & 3% the new 2% innit