Economic policy of the Joe Biden administration

For the first time in four years, the United States Federal Reserve has lowered the key interest rate, reducing it by half a percent to a range of 4.75 to 5 percent. This significant move aims to ease inflationary pressures and improve the labor market.

President Joe Biden has devoted the past several weeks to promoting the positive impacts of his policies — but his efforts have yet to meaningfully register with the public.