US President Biden: Interest rates are expected to fall further

BlockBeats news, on September 20, US President Biden said that the work of fighting inflation is not yet done; lowering borrowing costs will help economic growth; interest rates are expected to fall further; the Fed's interest rate cuts indicate that the economy and recovery have entered a new stage; he respects the independence of the Fed, and he has not discussed interest rates with Fed Chairman Powell since entering the White House.