The Federal Reserve typically cuts rates only when the economy appears weak and needs help. But recent reports show an economy growing stronger, despite persistent inflation.
Lower interest rates would reduce borrowing costs for homes, cars and other major purchases. An even more robust economy could also benefit President Joe Biden's re-election campaign.. The blockbuster March jobs report, released Friday, reinforced the idea that the economy is handling itself quite well. Some analysts responded by arguing that it's clear that the last thing the economy needs now is the stimulus of lower rates.