Trump Promises Lower Interest Rates, but the President Doesn’t Control Those
Thursday, 1 August 2024 The Federal Reserve sets interest rates, and it operates independently of the White House. But rates could come down as inflation cools.
The Bank of England has cut interest rates to 5% at its August Monetary Policy Committee meeting, the first reduction of the UK’s base rate in four years. Responding to the cut, Chancellor of the Exchequer Rachel Reeves said: “Homeowners will welcome this cut in interest rates, but I know that...
Thursday, 1 August 2024
