Editorial: La Vanguardia

• The Federal Reserve Chairman, Jerome Powell, has confirmed that the interest rates in the United States will decrease, probably in September, although he did not confirm by how much.
• The official price of money reached 5.5%, the highest level of this century, and the Federal Reserve has used strict monetary policy to control inflation, which was at 2.9% in July.
• The Gross Domestic Product (GDP) is growing at a rate of 2.9% and the unemployment rate increased slightly, but it remains below 5%.
• The Federal Reserve has the responsibility to ensure full employment, and doubts about the strength of the labor market are one more reason to lower interest rates.
• The decrease in the interest rate will occur in September, shortly before the November presidential elections, which can benefit Kamala Harris's candidacy.

Conclusion: The upcoming reduction of interest rates in the United States aims to keep inflation under control and guarantee full employment, which could benefit the Democratic Party in the upcoming presidential elections.

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