Vice President Kamala Harris has expressed her approval of the recent rate cut announced by the Federal Reserve, emphasizing the importance of keeping prices under control. The half-point rate cut, the first since March 2020, is a significant step in the central bank's efforts to address historic levels of inflation.
In response to the announcement, Harris stated, 'While this news is certainly welcomed by Americans facing high prices, my primary focus remains on the ongoing work to reduce costs for consumers.' She highlighted her economic agenda, which includes tax cuts for over 100 million working and middle-class individuals, initiatives to promote affordable housing, and the proposal for a federal ban on corporate price gouging in the food and grocery sector.
Describing her approach as a departure from the policies of former President Donald Trump, Harris criticized his economic strategies and pledged to prioritize lowering expenses for middle-class and working families if she assumes the presidency. 'I recognize that many families are still struggling with high prices, and my primary goal as President will be to alleviate the financial burden on essentials such as healthcare, housing, and groceries,' she affirmed.
