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BBCNEWS BBC News June 4, 2024 01:21:00

A key member of the us federal reserve, which sets american interest rates, says the us is in no hurry to lower the cost of borrowing rates. raphael bostic, the president of the atlanta fed, says the us economy and jobs market are much stronger than expected, but they re also keeping inflation too high to cut rates for now. credit for the booming economy and also some blame for stubborn inflation are both being aimed atjoe biden and one of his flagship policies, bidenomics spending hundreds of billions of dollars to transform american industry. how that programme works out could make or break mr biden s campaign to stay in the white house. our economics editor faisal islam reports from the state of georgia. here in georgia, the landscape is changing the southern bible belt of america reborn as the battery belt, as the usa throws money at out competing china in manufacturing a variety of electric cars. and where some of these vehicles are going, ....

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BBCNEWS BBC News June 4, 2024 20:07:00

Areas they can agree, as well as areas they can agree, as well as areas where they will find different views, as in most democracies. some breaking news from axios news agency, john kerry is planning to resign as the us special presidential envoy for climate. he will leave the administration later this winter according to axios. they believe he plans to help president biden s campaign. according to axios, a lot of this has to do with the fact thatjohn kerry believes that when it comes to climate change, the result of the us election is crucial and that is the big motivation for him. john kerry was former secretary of state and chairman of the senate foreign relations committee in the us, and also the democratic nominee for president in 2004 so this is a big figure in us politics. now he is ....

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BBCNEWS BBC News June 4, 2024 22:06:00

Let s get more on all this now from daniel lippman, white house reporterfor politico. welcome to you. good to see it. a few hours now since we have had news of this development. what is your assessment of what this will mean for donald trump and his aspirations to take a seat in the white house again. to take a seat in the white house aaain. ~ ~ , to take a seat in the white house aiainl. ~ , to take a seat in the white house auain.~ ~ , , again. well, i think it s good news for him politically again. well, i think it s good news for him politically in again. well, i think it s good news for him politically in the again. well, i think it s good news for him politically in the short - for him politically in the short term because this rallies his base, his base feels like they are looked down upon by the establishment in the big cities, the elites, they file globalisation has passed to them by. they want to make america more of a country from that decades ago, remember, make a ....

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