Biden: March Inflation Rise May Delay Expected Federal Reserve Interest Rate Cut

• Biden says March inflation report showing prices rose 0.4% may delay expected Fed interest rate cut • Biden previously predicted the Fed would cut rates before year's end to boost economy and combat inflation • Fed held rates steady last month, said slight inflation uptick hasn’t “really changed the overall story” • Annual inflation dropped from 9% to close to 3% during Biden's term, still higher than Fed's 2% target • Biden argues Republicans have no plan to deal with inflation, while his plan of rate cuts is "still sustainable"