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TechFlow news: U.S. President Biden said that the fight against inflation is not yet complete; lowering borrowing costs will help economic growth; he expects interest rates to decline further; the Fed's rate cut indicates the economy and recovery have entered a new phase; he respects the Federal Reserve's independence, and since moving into the White House, he has never spoken with Federal Reserve Chair Powell.
President Biden said that the fight against inflation is not yet complete; cutting borrowing costs will help economic growth; he expects interest rates to decline further; the Federal Reserve's rate cuts indicate the economy and recovery have entered a new phase; he respects the Fed's independence, and since moving into the White House, he has never spoken with Federal Reserve Chair Powell.
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