President Biden says he has "never once spoken to the chairman of the Fed since I became president," despite a May 2022 meeting with Jerome Powell.

The president said he was not declaring victory over inflation, but marking a pivot point for the recovery from pandemic recession.

President Joe Biden called the Federal Reserve's decision to lower interest rats "good news" and says he never spoke to the Fed chairman as president.

Watch live coverage as President Biden delivers remarks at the Economic Club of Washington, D.C. The remarks come one day after the Federal Reserve lowered interest rates by 0.5%, the first cut since 2020.

Donald Trump appeared to find it curious that “somehow” a woman was doing better than Joe Biden had been in the presidential race. During an appearance on Fox News’ Gutfeld! on Wednesday, the Republican nominee reflected on the president’s decision to end his campaign and Vice President Kamala Harris’ entry into the race.

The former president emphasized the words “a woman” by sitting up straight and putting both hands in front of him, lightly cupping the air.

During his appearance on Fox News' Gutfeld!, Donald Trump expressed surprise that Kamala Harris is performing better than Joe Biden in the election race.