High Borrowing Costs Have Some Democrats Urging Biden to Pressure the Fed
Briefly

Sky-high mortgage rates and other elevated borrowing costs are pinching American consumers, affecting President Biden's electoral chances ahead of the 2024 election.
The White House has refrained from urging the Federal Reserve to lower interest rates, citing the Fed's independence, although some Democrats are urging a change in approach to address the current situation.
Read at www.nytimes.com
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