Biden praises interest rate cuts, slams Trump’s economic plans in DC speech

WASHINGTON (AP) — President Joe Biden said Thursday the Federal Reserve’s decision to lower interest rates was “an important signal” that inflation has eased as he poked at Donald Trump’s economic policies as a failure in the past and sure to “fail again” if revived. “Lowering interest rates isn’t a declaration of victory,” Biden told the Economic Club of Washington, D.C. “It’s a declaration of progress, to signal we’ve entered a new phase of our economy and our recovery.” The Democratic president emphasized there was more work left to do,...