{"id":107247,"date":"2024-09-19T21:04:42","date_gmt":"2024-09-19T21:04:42","guid":{"rendered":"https:\/\/lascrucestoday.com\/newstalklc\/biden-calls-rate-cut-an-important-day-for-the-country\/"},"modified":"2024-09-19T21:04:42","modified_gmt":"2024-09-19T21:04:42","slug":"biden-calls-rate-cut-an-important-day-for-the-country","status":"publish","type":"post","link":"https:\/\/lascrucestoday.com\/newstalklc\/biden-calls-rate-cut-an-important-day-for-the-country\/","title":{"rendered":"Biden calls rate cut ‘an important day for the country’"},"content":{"rendered":"
\n
President Joe Biden speaks at a reception in celebration of Hispanic Heritage Month at the White House in Washington, D.C., on Sept. 18, 2024. (Jim Watson\/AFP via Getty Images)<\/figcaption><\/figure>\n

(WASHINGTON) — President Joe Biden on Thursday called the Federal Reserve’s rate cut the day before an \u201cimportant signal\u201d from the Fed to Americans that inflation is cooling, but he cautioned that it \u201cdoesn\u2019t mean the work is done\u201d to improve the economy.<\/p>\n

In remarks on Thursday at the Economic Club of Washington, D.C., Biden said, \u201cYesterday was an important day for the country.\u201d<\/p>\n

\u201cTwo and a half years after the Federal Reserve began raising interest rates, it announced that it began lowering interest rates,” Biden said. “I think it’s good news for consumers, and that means the cost of buying a home, a car, and so much more would be going down. And it’s good news in my view, for the overall economy.\u201d<\/p>\n

The president in his remarks discussed how far the U.S. has come since the COVID-19 pandemic, including supply chain issues, high costs of food and goods, and baby formula shortages. He also checked through all of his legislative achievements such as the American Rescue Plan, Inflation Reduction Act, Chips and Science Act and the Bipartisan Infrastructure Law.<\/p>\n

\u201cAt its peak, as you all know, inflation was 9.1% in the United States. Today it\u2019s much closer to 2%,” Biden said. “It doesn’t mean our work is done. Far from it. Far from it, no one should confused why I’m here. I’m not here to take a victory lap. I’m not here to say, \u2018A job well done.\u2019 I’m not here to say \u2018We don’t have a hell of a lot more work to do.\u2019 We do have more work to do.\u201d<\/p>\n

White House Chief of Staff Jeff Zients told reporters on a call previewing Biden’s remarks that president and Vice President Kamala Harris are still looking ahead to the work that is not finished, pointing to the cost of child care and housing as two of the biggest areas.<\/p>\n

One White House official on the call was asked about whether the administration was concerned about rising unemployment in response to today’s rate cut, but the official brushed off the concern, saying that the Fed’s data today shows “the labor market remaining solid,” and adding that unemployment has “remained the lowest on average of any administration in 50 years.”<\/p>\n

A reporter also asked whether rising tensions in the Middle East could be a setback in the fight against rising inflation. The different White House official said that it is one of the “geopolitical risks that we consistently monitor.”<\/p>\n

“But our assessment, you know, right now is that the economy is in a healthy place, and that the kind of range of risks, while we continue to monitor them are do not pose a significant risk to the to the outlook,” the White House official added.<\/p>\n

In his remarks Thursday, Biden also falsely claimed that he has \u201cnever once spoken to the chairman of the Fed since I became president.\u201d He actually met with Jerome Powell in the Oval Office in May 2022.<\/p>\n

Copyright \u00a9 2024, ABC Audio. All rights reserved.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

President Joe Biden speaks at a reception in celebration of Hispanic Heritage Month at the White House in Washington, D.C., on Sept. 18, 2024. (Jim Watson\/AFP via Getty Images) (WASHINGTON) — President Joe Biden on Thursday called the Federal Reserve’s rate cut the day before an \u201cimportant signal\u201d from theRead More →<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[156,31,2],"tags":[273,271,276,274,270,123,275,133,124,272,102,103],"yoast_head":"\nBiden calls rate cut 'an important day for the country' - FM News Talk 92.7 \/ 1450AM KOBE<\/title>\n<meta name=\"description\" content=\"TALK, DONE RIGHT\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lascrucestoday.com\/newstalklc\/biden-calls-rate-cut-an-important-day-for-the-country\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Biden calls rate cut 'an important day for the country' - FM News Talk 92.7 \/ 1450AM KOBE\" \/>\n<meta property=\"og:description\" content=\"TALK, DONE RIGHT\" \/>\n<meta property=\"og:url\" content=\"https:\/\/lascrucestoday.com\/newstalklc\/biden-calls-rate-cut-an-important-day-for-the-country\/\" \/>\n<meta property=\"og:site_name\" content=\"FM News Talk 92.7 \/ 1450AM KOBE\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NewsTalkLC\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-19T21:04:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/s3.amazonaws.com\/syndication.abcaudio.com\/files\/2024-09-19\/biden-main_1726725678003_hpMain.jpg\" \/>\n<meta name=\"author\" content=\"ABC News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newstalklc\" \/>\n<meta name=\"twitter:site\" content=\"@newstalklc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ABC News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/lascrucestoday.com\/newstalklc\/biden-calls-rate-cut-an-important-day-for-the-country\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/lascrucestoday.com\/newstalklc\/biden-calls-rate-cut-an-important-day-for-the-country\/\"},\"author\":{\"name\":\"ABC News\",\"@id\":\"https:\/\/lascrucestoday.com\/newstalklc\/#\/schema\/person\/bfa4e6a14d1fcf4a939c3260298ef5b7\"},\"headline\":\"Biden calls rate cut ‘an important day for the country’\",\"datePublished\":\"2024-09-19T21:04:42+00:00\",\"dateModified\":\"2024-09-19T21:04:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/lascrucestoday.com\/newstalklc\/biden-calls-rate-cut-an-important-day-for-the-country\/\"},\"wordCount\":539,\"publisher\":{\"@id\":\"https:\/\/lascrucestoday.com\/newstalklc\/#organization\"},\"keywords\":[\"92.7 FM\",\"AM 1450\",\"CONVERVATIVE TALK\",\"DONE RIGHT\",\"KOBE\",\"Las Cruces\",\"LAS CRUCES CONSERVATIVE TALK RADIO\",\"las cruces talk radio\",\"New Mexico\",\"NEWS TALK\",\"talk\",\"talk radio\"],\"articleSection\":[\"All News\",\"National News\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/lascrucestoday.com\/newstalklc\/biden-calls-rate-cut-an-important-day-for-the-country\/\",\"url\":\"https:\/\/lascrucestoday.com\/newstalklc\/biden-calls-rate-cut-an-important-day-for-the-country\/\",\"name\":\"Biden calls rate cut 'an important day for the country' - FM News Talk 92.7 \/ 1450AM KOBE\",\"isPartOf\":{\"@id\":\"https:\/\/lascrucestoday.com\/newstalklc\/#website\"},\"datePublished\":\"2024-09-19T21:04:42+00:00\",\"dateModified\":\"2024-09-19T21:04:42+00:00\",\"description\":\"TALK, DONE RIGHT\",\"breadcrumb\":{\"@id\":\"https:\/\/lascrucestoday.com\/newstalklc\/biden-calls-rate-cut-an-important-day-for-the-country\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/lascrucestoday.com\/newstalklc\/biden-calls-rate-cut-an-important-day-for-the-country\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/lascrucestoday.com\/newstalklc\/biden-calls-rate-cut-an-important-day-for-the-country\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/lascrucestoday.com\/newstalklc\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Biden calls rate cut ‘an important day for the country’\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/lascrucestoday.com\/newstalklc\/#website\",\"url\":\"https:\/\/lascrucestoday.com\/newstalklc\/\",\"name\":\"FM News Talk 92.7 \/ 1450AM KOBE\",\"description\":\"Talk Done Right\",\"publisher\":{\"@id\":\"https:\/\/lascrucestoday.com\/newstalklc\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/lascrucestoday.com\/newstalklc\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/lascrucestoday.com\/newstalklc\/#organization\",\"name\":\"News Talk 92.7 and AM 1450 KOBE\",\"url\":\"https:\/\/lascrucestoday.com\/newstalklc\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/lascrucestoday.com\/newstalklc\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/lascrucestoday.com\/newstalklc\/wp-content\/uploads\/sites\/6\/2019\/12\/official-news-talk-square-2.png\",\"contentUrl\":\"https:\/\/lascrucestoday.com\/newstalklc\/wp-content\/uploads\/sites\/6\/2019\/12\/official-news-talk-square-2.png\",\"width\":1024,\"height\":450,\"caption\":\"News Talk 92.7 and AM 1450 KOBE\"},\"image\":{\"@id\":\"https:\/\/lascrucestoday.com\/newstalklc\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/NewsTalkLC\",\"https:\/\/twitter.com\/newstalklc\",\"https:\/\/www.youtube.com\/channel\/UCcv85Bxj9WRRnL0O3xii6IQ\/videos\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/lascrucestoday.com\/newstalklc\/#\/schema\/person\/bfa4e6a14d1fcf4a939c3260298ef5b7\",\"name\":\"ABC News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/lascrucestoday.com\/newstalklc\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3fba9c0649b69c3d5b53142437429a66?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3fba9c0649b69c3d5b53142437429a66?s=96&d=mm&r=g\",\"caption\":\"ABC News\"},\"url\":\"https:\/\/lascrucestoday.com\/newstalklc\/author\/abcnews\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Biden calls rate cut 'an important day for the country' - FM News Talk 92.7 \/ 1450AM KOBE","description":"TALK, DONE RIGHT","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/lascrucestoday.com\/newstalklc\/biden-calls-rate-cut-an-important-day-for-the-country\/","og_locale":"en_US","og_type":"article","og_title":"Biden calls rate cut 'an important day for the country' - FM News Talk 92.7 \/ 1450AM KOBE","og_description":"TALK, DONE RIGHT","og_url":"https:\/\/lascrucestoday.com\/newstalklc\/biden-calls-rate-cut-an-important-day-for-the-country\/","og_site_name":"FM News Talk 92.7 \/ 1450AM KOBE","article_publisher":"https:\/\/www.facebook.com\/NewsTalkLC","article_published_time":"2024-09-19T21:04:42+00:00","og_image":[{"url":"https:\/\/s3.amazonaws.com\/syndication.abcaudio.com\/files\/2024-09-19\/biden-main_1726725678003_hpMain.jpg"}],"author":"ABC News","twitter_card":"summary_large_image","twitter_creator":"@newstalklc","twitter_site":"@newstalklc","twitter_misc":{"Written by":"ABC News","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/lascrucestoday.com\/newstalklc\/biden-calls-rate-cut-an-important-day-for-the-country\/#article","isPartOf":{"@id":"https:\/\/lascrucestoday.com\/newstalklc\/biden-calls-rate-cut-an-important-day-for-the-country\/"},"author":{"name":"ABC News","@id":"https:\/\/lascrucestoday.com\/newstalklc\/#\/schema\/person\/bfa4e6a14d1fcf4a939c3260298ef5b7"},"headline":"Biden calls rate cut ‘an important day for the country’","datePublished":"2024-09-19T21:04:42+00:00","dateModified":"2024-09-19T21:04:42+00:00","mainEntityOfPage":{"@id":"https:\/\/lascrucestoday.com\/newstalklc\/biden-calls-rate-cut-an-important-day-for-the-country\/"},"wordCount":539,"publisher":{"@id":"https:\/\/lascrucestoday.com\/newstalklc\/#organization"},"keywords":["92.7 FM","AM 1450","CONVERVATIVE TALK","DONE RIGHT","KOBE","Las Cruces","LAS CRUCES CONSERVATIVE TALK RADIO","las cruces talk radio","New Mexico","NEWS TALK","talk","talk radio"],"articleSection":["All News","National News","News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/lascrucestoday.com\/newstalklc\/biden-calls-rate-cut-an-important-day-for-the-country\/","url":"https:\/\/lascrucestoday.com\/newstalklc\/biden-calls-rate-cut-an-important-day-for-the-country\/","name":"Biden calls rate cut 'an important day for the country' - FM News Talk 92.7 \/ 1450AM KOBE","isPartOf":{"@id":"https:\/\/lascrucestoday.com\/newstalklc\/#website"},"datePublished":"2024-09-19T21:04:42+00:00","dateModified":"2024-09-19T21:04:42+00:00","description":"TALK, DONE RIGHT","breadcrumb":{"@id":"https:\/\/lascrucestoday.com\/newstalklc\/biden-calls-rate-cut-an-important-day-for-the-country\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/lascrucestoday.com\/newstalklc\/biden-calls-rate-cut-an-important-day-for-the-country\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/lascrucestoday.com\/newstalklc\/biden-calls-rate-cut-an-important-day-for-the-country\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/lascrucestoday.com\/newstalklc\/"},{"@type":"ListItem","position":2,"name":"Biden calls rate cut ‘an important day for the country’"}]},{"@type":"WebSite","@id":"https:\/\/lascrucestoday.com\/newstalklc\/#website","url":"https:\/\/lascrucestoday.com\/newstalklc\/","name":"FM News Talk 92.7 \/ 1450AM KOBE","description":"Talk Done Right","publisher":{"@id":"https:\/\/lascrucestoday.com\/newstalklc\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/lascrucestoday.com\/newstalklc\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/lascrucestoday.com\/newstalklc\/#organization","name":"News Talk 92.7 and AM 1450 KOBE","url":"https:\/\/lascrucestoday.com\/newstalklc\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/lascrucestoday.com\/newstalklc\/#\/schema\/logo\/image\/","url":"https:\/\/lascrucestoday.com\/newstalklc\/wp-content\/uploads\/sites\/6\/2019\/12\/official-news-talk-square-2.png","contentUrl":"https:\/\/lascrucestoday.com\/newstalklc\/wp-content\/uploads\/sites\/6\/2019\/12\/official-news-talk-square-2.png","width":1024,"height":450,"caption":"News Talk 92.7 and AM 1450 KOBE"},"image":{"@id":"https:\/\/lascrucestoday.com\/newstalklc\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/NewsTalkLC","https:\/\/twitter.com\/newstalklc","https:\/\/www.youtube.com\/channel\/UCcv85Bxj9WRRnL0O3xii6IQ\/videos"]},{"@type":"Person","@id":"https:\/\/lascrucestoday.com\/newstalklc\/#\/schema\/person\/bfa4e6a14d1fcf4a939c3260298ef5b7","name":"ABC News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/lascrucestoday.com\/newstalklc\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3fba9c0649b69c3d5b53142437429a66?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3fba9c0649b69c3d5b53142437429a66?s=96&d=mm&r=g","caption":"ABC News"},"url":"https:\/\/lascrucestoday.com\/newstalklc\/author\/abcnews\/"}]}},"_links":{"self":[{"href":"https:\/\/lascrucestoday.com\/newstalklc\/wp-json\/wp\/v2\/posts\/107247"}],"collection":[{"href":"https:\/\/lascrucestoday.com\/newstalklc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lascrucestoday.com\/newstalklc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lascrucestoday.com\/newstalklc\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/lascrucestoday.com\/newstalklc\/wp-json\/wp\/v2\/comments?post=107247"}],"version-history":[{"count":0,"href":"https:\/\/lascrucestoday.com\/newstalklc\/wp-json\/wp\/v2\/posts\/107247\/revisions"}],"wp:attachment":[{"href":"https:\/\/lascrucestoday.com\/newstalklc\/wp-json\/wp\/v2\/media?parent=107247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lascrucestoday.com\/newstalklc\/wp-json\/wp\/v2\/categories?post=107247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lascrucestoday.com\/newstalklc\/wp-json\/wp\/v2\/tags?post=107247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}