President Joe Biden predicted the Federal Reserve would move to cut rates, as the administration places greater emphasis on housing costs in its election fight against Donald Trump .
“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,” Biden said Friday in a speech in Philadelphia. He did not specify when he thought the cuts might begin.
Source: www.bloomberg.com
