Biden said the Federal Reserve’s decision to lower interest rates was “an important signal” that inflation has eased as he poked at Donald Trump’s economic policies as a failure.

How much it will reshape the 2024 White House race is unclear, but it may pay a small dividend to Vice President Kamala Harris. That’s because the reduction – a signal of optimism from the central bank that the war on inflation is being won – could mean smaller payments on things like credit cards and car loans,

While voters trusted Trump over Biden on the economy, a new poll finds Harris has closed the gap—and undecided voters prefer her policies.