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• President Joe Biden is celebrated the Federal Reserve’s decision to lower interest rates, saying it shows that inflation has eased.
• State lawmakers are targeting California’s high gasoline prices and recurring price spikes, with an Assembly committee holding a hearing to begin a special legislative session that may lead to action on a proposal by Governor Gavin Newsom.
• California Governor Gavin Newsom signed seven bills in San Francisco today as part of a bipartisan effort to tackle the state’s housing crisis, with the goal of building 2.5 million new housing units by 2030.
• The Greater East Bay Area will incorporate nuclear power into its renewable energy portfolio for the first time since the AVA community choice program was created eight years ago, following a 10-5 vote at last night’s meeting despite some opposition.
• The University of California Board of Regents approved a request from five UC campuses, including UC Berkeley and UC San Francisco, for additional military equipment for their police departments.

The post Biden hails Fed’s interest rate cut, citing eased inflation – September 19, 2024 appeared first on KPFA.

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