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Harris' running mate Tim Walz talks of 'bringing the joy' in his national introduction at DNC

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Harris' running mate Tim Walz talks of 'bringing the joy' in his national introduction at DNC
News

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Harris' running mate Tim Walz talks of 'bringing the joy' in his national introduction at DNC

2024-08-22 21:28 Last Updated At:21:30

CHICAGO (AP) — Minnesota Gov. Tim Walz accepted his party's nomination for vice president Wednesday night, using his Democratic National Convention address to thank the packed arena for “bringing the joy” to an election transformed by the elevation of his running mate, Vice President Kamala Harris.

“We’re all here tonight for one beautiful, simple reason: We love this country,” Walz said as thousands of delegates hoisted vertical placards reading “Coach Walz” in red, white and blue.

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Stevie Wonder performs during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Erin Hooley)

CHICAGO (AP) — Minnesota Gov. Tim Walz accepted his party's nomination for vice president Wednesday night, using his Democratic National Convention address to thank the packed arena for “bringing the joy” to an election transformed by the elevation of his running mate, Vice President Kamala Harris.

Rep. Nancy Pelosi, D-CA, speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Charles Rex Arbogast)

Rep. Nancy Pelosi, D-CA, speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Charles Rex Arbogast)

Oprah Winfrey speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Oprah Winfrey speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Former President Bill Clinton speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Charles Rex Arbogast)

Former President Bill Clinton speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Charles Rex Arbogast)

Former President Bill Clinton speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Brynn Anderson)

Former President Bill Clinton speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Brynn Anderson)

Democratic vice presidential nominee Minnesota Gov. Tim Walz walks on stage to speak during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Democratic vice presidential nominee Minnesota Gov. Tim Walz walks on stage to speak during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Hope Walz, left, and Gus Walz, children of Democratic vice presidential nominee Minnesota Gov. Tim Walz, right, hug after their father concludes a speech during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Hope Walz, left, and Gus Walz, children of Democratic vice presidential nominee Minnesota Gov. Tim Walz, right, hug after their father concludes a speech during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Democratic vice presidential nominee Minnesota Gov. Tim Walz celebrates with his family during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Brynn Anderson)

Democratic vice presidential nominee Minnesota Gov. Tim Walz celebrates with his family during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Brynn Anderson)

Gwen Walz claps as Democratic vice presidential nominee Minnesota Gov. Tim Walz speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Matt Rourke)

Gwen Walz claps as Democratic vice presidential nominee Minnesota Gov. Tim Walz speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Matt Rourke)

Gus Walz cries as his father Democratic vice presidential nominee Minnesota Gov. Tim Walz speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Charles Rex Arbogast)

Gus Walz cries as his father Democratic vice presidential nominee Minnesota Gov. Tim Walz speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Charles Rex Arbogast)

Democratic vice presidential nominee Minnesota Gov. Tim Walz speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Democratic vice presidential nominee Minnesota Gov. Tim Walz speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Democratic vice presidential nominee Minnesota Gov. Tim Walz speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Morry Gash)

Democratic vice presidential nominee Minnesota Gov. Tim Walz speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Morry Gash)

Democratic vice presidential nominee Minnesota Gov. Tim Walz speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Charles Rex Arbogast)

Democratic vice presidential nominee Minnesota Gov. Tim Walz speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Charles Rex Arbogast)

Rep. Veronica Escobar, D-Texas, speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Paul Sancya)

Rep. Veronica Escobar, D-Texas, speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Paul Sancya)

Sen. Chris Murphy, D-Conn., speaks during the Democratic National Convention, Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Sen. Chris Murphy, D-Conn., speaks during the Democratic National Convention, Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

California delegates cheer during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Erin Hooley)

California delegates cheer during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Erin Hooley)

Jon Polin and Rachel Goldberg, parents of hostage Hersh Goldberg-Polin speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Erin Hooley)

Jon Polin and Rachel Goldberg, parents of hostage Hersh Goldberg-Polin speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Erin Hooley)

Maren Morris performs during the Democratic National Convention, Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Maren Morris performs during the Democratic National Convention, Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Mississippi delegate Kelly Jacobs arrives at the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Brynn Anderson)

Mississippi delegate Kelly Jacobs arrives at the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Brynn Anderson)

Sen. Cory Booker, D-NJ, speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Matt Rourke)

Sen. Cory Booker, D-NJ, speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Matt Rourke)

Michigan Attorney General Dana Nessel speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Michigan Attorney General Dana Nessel speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Jon Polin and Rachel Goldberg, parents of hostage Hersh Goldberg-Polin speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Charles Rex Arbogast)

Jon Polin and Rachel Goldberg, parents of hostage Hersh Goldberg-Polin speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Charles Rex Arbogast)

Sen. Elizabeth Warren, D-Mass., takes a selfie with Massachusetts delegates during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Paul Sancya)

Sen. Elizabeth Warren, D-Mass., takes a selfie with Massachusetts delegates during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Paul Sancya)

Keenan Thompson rehearses before the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Brynn Anderson)

Keenan Thompson rehearses before the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Brynn Anderson)

Mississippi delegate Kelly Jacobs arrives at the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Brynn Anderson)

Mississippi delegate Kelly Jacobs arrives at the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Brynn Anderson)

Singer John Legend is seen during a mic check before the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Morry Gash)

Singer John Legend is seen during a mic check before the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Morry Gash)

Stevie Wonder is seen during a mic check before the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Morry Gash)

Stevie Wonder is seen during a mic check before the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Morry Gash)

Democratic presidential nominee Vice President Kamala Harris and running mate Minnesota Gov. Tim Walz appear at the Fiserv Forum during a campaign rally in Milwaukee, Tuesday, Aug. 20, 2024. (AP Photo/Jacquelyn Martin)

Democratic presidential nominee Vice President Kamala Harris and running mate Minnesota Gov. Tim Walz appear at the Fiserv Forum during a campaign rally in Milwaukee, Tuesday, Aug. 20, 2024. (AP Photo/Jacquelyn Martin)

Security gets in position prior to Republican presidential nominee former President Donald Trump speaks at a rally, Wednesday, Aug. 21, 2024, in Asheboro, N.C. Wednesday's event is the first outdoor rally Trump has held since the attempted assassination of the former president. (AP Photo/Julia Nikhinson)

Security gets in position prior to Republican presidential nominee former President Donald Trump speaks at a rally, Wednesday, Aug. 21, 2024, in Asheboro, N.C. Wednesday's event is the first outdoor rally Trump has held since the attempted assassination of the former president. (AP Photo/Julia Nikhinson)

An outdoor stage is set encased with bulletproof glass as supporters arrive to hear Republican presidential nominee former President Donald Trump speak at a rally, Wednesday, Aug. 21, 2024, in Asheboro, N.C. Trump is holding his first outdoor rally since narrowly surviving an attempted assassination when a a gunman opened fire in Pennsylvania last month. (AP Photo/Michelle Price)

An outdoor stage is set encased with bulletproof glass as supporters arrive to hear Republican presidential nominee former President Donald Trump speak at a rally, Wednesday, Aug. 21, 2024, in Asheboro, N.C. Trump is holding his first outdoor rally since narrowly surviving an attempted assassination when a a gunman opened fire in Pennsylvania last month. (AP Photo/Michelle Price)

Democratic presidential nominee Vice President Kamala Harris and running mate Minnesota Gov. Tim Walz appear at the Fiserv Forum during a campaign rally in Milwaukee, Tuesday, Aug. 20, 2024. (AP Photo/Jacquelyn Martin)

Democratic presidential nominee Vice President Kamala Harris and running mate Minnesota Gov. Tim Walz appear at the Fiserv Forum during a campaign rally in Milwaukee, Tuesday, Aug. 20, 2024. (AP Photo/Jacquelyn Martin)

Democratic presidential nominee Vice President Kamala Harris and running mate Minnesota Gov. Tim Walz appear at the Fiserv Forum during a campaign rally in Milwaukee, Tuesday, Aug. 20, 2024. (AP Photo/Jeffrey Phelps)

Democratic presidential nominee Vice President Kamala Harris and running mate Minnesota Gov. Tim Walz appear at the Fiserv Forum during a campaign rally in Milwaukee, Tuesday, Aug. 20, 2024. (AP Photo/Jeffrey Phelps)

Democratic presidential nominee Vice President Kamala Harris and running mate Minnesota Gov. Tim Walz appear at the Fiserv Forum during a campaign rally in Milwaukee, Tuesday, Aug. 20, 2024. (AP Photo/Jacquelyn Martin)

Democratic presidential nominee Vice President Kamala Harris and running mate Minnesota Gov. Tim Walz appear at the Fiserv Forum during a campaign rally in Milwaukee, Tuesday, Aug. 20, 2024. (AP Photo/Jacquelyn Martin)

Many Americans had never heard of Walz until Harris made him her running mate, and the speech was an opportunity to introduce himself. He leaned into his experiences as a football coach, his time in the National Guard and his recounting of his family's fertility struggles — all parts of his biography that Republicans have questioned in the days since Harris picked him.

While it's unclear if the speech will attract new voters, he further charmed Democratic supporters with his background and helped to balance Harris’ coastal roots as a cultural representative of Midwestern states whose voters she needs this fall.

The Harris campaign said Walz had worked on his speech for multiple days and he used a teleprompter for the first time, practicing to ensure he was prepared. He told the crowd, “I haven’t given a lot of speeches like this but I’ve given a lot of pep talks."

“Some folks just don’t understand what it takes to be a good neighbor,” Walz said. “Take Donald Trump and JD Vance.”

Trump, the Republican presidential nominee, bashed the convention as a “charade” earlier Wednesday and noted that he has been a frequent topic of conversation. He also singled out his predecessor, former President Barack Obama, for a highly critical convention speech Tuesday night, saying Obama had been “nasty.”

Walz described his upbringing in Nebraska and teaching and coaching football in Minnesota and told the crowd, “Thank you for bringing the joy to this fight.”

But he also criticized Trump and his running mate, JD Vance, and took several swipes at Republican policies. “While other states were banning books from their schools, we were banishing hunger from ours,” he said.

Walz has been accused of embellishing his background. His wife this week clarified that she did not undergo in vitro fertilization, as Walz has repeatedly claimed, but used other fertility treatments. Republicans also have criticized Walz for a 2018 comment he made about carrying weapons in war. Though he served in the National Guard for 24 years, he did not deploy to a war zone.

Walz has made his family’s struggle with fertility a central part of his narrative, a tangible way to connect with voters alarmed at the erosion of reproductive rights in the U.S. But Gwen Walz on Tuesday issued a statement that detailed the experience more comprehensively and disclosed that they relied on a different process known as intrauterine insemination, or IUI.

“If you’ve never experienced infertility, I guarantee you know someone who has," Tim Walz said Wednesday.

His daughter, Hope, made a heart with her hands and held it over her chest.

His son, Gus, openly wept throughout the speech, wiping his eyes with tissues while watching from the front row.

Through tears he mouthed, “That’s my dad.”

Two prominent Harris boosters on Wednesday were people Trump has crossed paths during their shared decades in public life: Bill Clinton, the nation's 42nd president, and Oprah Winfrey, the iconic talk-show host.

Ironically, she suggested years ago that Trump could be president one day, while Clinton was once close enough to Trump that he attended his 2005 wedding to his wife Melania.

In a convention designed to needle Trump, Clinton and Winfrey portrayed Trump as selfish and Harris as focused on the needs of everyday Americans rather than her own.

“We’ve got a pretty clear choice it seems to me. Kamala Harris, for the people. And the other guy who has proved, even more than the first go-around, that he’s about me, myself and I,” Clinton said.

Clinton returned to a place he knows well, the Democratic convention stage, firing up his party with his trademark off-the-cuff flourishes. He spoke about 10 minutes longer than Walz did in the headliner’s spot.

Now 78 — the same age as Trump — Clinton's delivery was sometimes halting, his movements slower, and he mispronounced Harris' first name twice. His left hand often shook when he wasn't using it to grip the lectern.

Still, he delivered several memorable, homespun pronouncements including asking: "What does her opponent do with his voice? He mostly talks about himself. So the next time you hear him, don’t count the lies, count the I's.”

Winfrey — who long filmed her famous talk show in Chicago — offered a full-throated endorsement of Harris and characterized her campaign by singing out, “Joy!”

“Decency and respect are on the ballot in 2024,” she said, adding, “Let us choose common sense over nonsense.”

The night's theme was “a fight for our freedoms," with the programming focusing on abortion access and other rights that Democrats want to center in their campaign against Trump. Speaker after speaker argued that their party wants to defend freedoms while Republicans want to take them away.

Colorado Gov. Jared Polis used a prop that has become a convention staple, an oversized book meant to represent the Heritage Foundation's Project 2025, a sweeping set of goals to shrink government and push it to the right, if Trump wins. Polis even ripped a page from the ceremonial volume and said he was going to keep it and show it to undecided voters.

Florida Rep. Debbie Wasserman Schultz told the story of a woman in her state, which enacted new abortion restrictions after the Supreme Court overturned Roe v. Wade, who was forced to carry to term a child with a fatal illness, only to watch the newborn die just hours after birth.

Rep. Bennie Thompson of Mississippi spoke about the attack on the U.S. Capitol on Jan. 6, 2021. He chaired a congressional committee that investigated the mob overrunning the Capitol, saying, “They wanted to stop the peaceful transfer of power for the first time in American history.”

“Thank God they failed,” Thompson said.

Democrats also recognized the hostages still being held by Hamas after its Oct. 7 attack on Israel in which 1,200 people were killed. Jon and Rachel Goldberg-Polin brought some in the arena to tears as they paid tribute to their son Hersh, who was abducted in the attack.

Freeing hostages “is not a political issue. It is a humanitarian issue,” Jon Goldberg-Polin said, adding that “in a competition of pain there are no winners.”

The Israel-Hamas war has split the Democratic base, with pro-Palestinian protesters demonstrating outside the United Center and several speakers this week acknowledging civilian deaths in the Israeli offensive in Gaza. More than 40,000 people have died in Gaza, according to local health authorities.

Some of the loudest cheers of the night were for Clinton, who seemed to relish being a warmup act for Walz. A two-term president and generational leader of his party, he noted that he attended his first convention in 1976 — then corrected himself by saying it was actually 1972.

“I have no idea how many more of these I’ll be able to come to,” Clinton said.

Still, he implored delegates about the Harris-Walz ticket, “If you can get them elected and let them bring in this breath of fresh air, you will be proud of it for the rest of your life.”

“Your children will be proud of it,” he said. “Your grandchildren will be proud of it.”

Associated Press writers Zeke Miller in Chicago, Jill Colvin and Ali Swenson in New York and Chris Megerian in Washington contributed to this report.

Stevie Wonder performs during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Erin Hooley)

Stevie Wonder performs during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Erin Hooley)

Rep. Nancy Pelosi, D-CA, speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Charles Rex Arbogast)

Rep. Nancy Pelosi, D-CA, speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Charles Rex Arbogast)

Oprah Winfrey speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Oprah Winfrey speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Former President Bill Clinton speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Charles Rex Arbogast)

Former President Bill Clinton speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Charles Rex Arbogast)

Former President Bill Clinton speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Brynn Anderson)

Former President Bill Clinton speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Brynn Anderson)

Democratic vice presidential nominee Minnesota Gov. Tim Walz walks on stage to speak during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Democratic vice presidential nominee Minnesota Gov. Tim Walz walks on stage to speak during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Hope Walz, left, and Gus Walz, children of Democratic vice presidential nominee Minnesota Gov. Tim Walz, right, hug after their father concludes a speech during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Hope Walz, left, and Gus Walz, children of Democratic vice presidential nominee Minnesota Gov. Tim Walz, right, hug after their father concludes a speech during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Democratic vice presidential nominee Minnesota Gov. Tim Walz celebrates with his family during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Brynn Anderson)

Democratic vice presidential nominee Minnesota Gov. Tim Walz celebrates with his family during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Brynn Anderson)

Gwen Walz claps as Democratic vice presidential nominee Minnesota Gov. Tim Walz speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Matt Rourke)

Gwen Walz claps as Democratic vice presidential nominee Minnesota Gov. Tim Walz speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Matt Rourke)

Gus Walz cries as his father Democratic vice presidential nominee Minnesota Gov. Tim Walz speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Charles Rex Arbogast)

Gus Walz cries as his father Democratic vice presidential nominee Minnesota Gov. Tim Walz speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Charles Rex Arbogast)

Democratic vice presidential nominee Minnesota Gov. Tim Walz speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Democratic vice presidential nominee Minnesota Gov. Tim Walz speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Democratic vice presidential nominee Minnesota Gov. Tim Walz speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Morry Gash)

Democratic vice presidential nominee Minnesota Gov. Tim Walz speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Morry Gash)

Democratic vice presidential nominee Minnesota Gov. Tim Walz speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Charles Rex Arbogast)

Democratic vice presidential nominee Minnesota Gov. Tim Walz speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Charles Rex Arbogast)

Rep. Veronica Escobar, D-Texas, speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Paul Sancya)

Rep. Veronica Escobar, D-Texas, speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Paul Sancya)

Sen. Chris Murphy, D-Conn., speaks during the Democratic National Convention, Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Sen. Chris Murphy, D-Conn., speaks during the Democratic National Convention, Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

California delegates cheer during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Erin Hooley)

California delegates cheer during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Erin Hooley)

Jon Polin and Rachel Goldberg, parents of hostage Hersh Goldberg-Polin speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Erin Hooley)

Jon Polin and Rachel Goldberg, parents of hostage Hersh Goldberg-Polin speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Erin Hooley)

Maren Morris performs during the Democratic National Convention, Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Maren Morris performs during the Democratic National Convention, Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Mississippi delegate Kelly Jacobs arrives at the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Brynn Anderson)

Mississippi delegate Kelly Jacobs arrives at the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Brynn Anderson)

Sen. Cory Booker, D-NJ, speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Matt Rourke)

Sen. Cory Booker, D-NJ, speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Matt Rourke)

Michigan Attorney General Dana Nessel speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Michigan Attorney General Dana Nessel speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/J. Scott Applewhite)

Jon Polin and Rachel Goldberg, parents of hostage Hersh Goldberg-Polin speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Charles Rex Arbogast)

Jon Polin and Rachel Goldberg, parents of hostage Hersh Goldberg-Polin speaks during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Charles Rex Arbogast)

Sen. Elizabeth Warren, D-Mass., takes a selfie with Massachusetts delegates during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Paul Sancya)

Sen. Elizabeth Warren, D-Mass., takes a selfie with Massachusetts delegates during the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Paul Sancya)

Keenan Thompson rehearses before the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Brynn Anderson)

Keenan Thompson rehearses before the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Brynn Anderson)

Mississippi delegate Kelly Jacobs arrives at the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Brynn Anderson)

Mississippi delegate Kelly Jacobs arrives at the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Brynn Anderson)

Singer John Legend is seen during a mic check before the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Morry Gash)

Singer John Legend is seen during a mic check before the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Morry Gash)

Stevie Wonder is seen during a mic check before the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Morry Gash)

Stevie Wonder is seen during a mic check before the Democratic National Convention Wednesday, Aug. 21, 2024, in Chicago. (AP Photo/Morry Gash)

Democratic presidential nominee Vice President Kamala Harris and running mate Minnesota Gov. Tim Walz appear at the Fiserv Forum during a campaign rally in Milwaukee, Tuesday, Aug. 20, 2024. (AP Photo/Jacquelyn Martin)

Democratic presidential nominee Vice President Kamala Harris and running mate Minnesota Gov. Tim Walz appear at the Fiserv Forum during a campaign rally in Milwaukee, Tuesday, Aug. 20, 2024. (AP Photo/Jacquelyn Martin)

Security gets in position prior to Republican presidential nominee former President Donald Trump speaks at a rally, Wednesday, Aug. 21, 2024, in Asheboro, N.C. Wednesday's event is the first outdoor rally Trump has held since the attempted assassination of the former president. (AP Photo/Julia Nikhinson)

Security gets in position prior to Republican presidential nominee former President Donald Trump speaks at a rally, Wednesday, Aug. 21, 2024, in Asheboro, N.C. Wednesday's event is the first outdoor rally Trump has held since the attempted assassination of the former president. (AP Photo/Julia Nikhinson)

An outdoor stage is set encased with bulletproof glass as supporters arrive to hear Republican presidential nominee former President Donald Trump speak at a rally, Wednesday, Aug. 21, 2024, in Asheboro, N.C. Trump is holding his first outdoor rally since narrowly surviving an attempted assassination when a a gunman opened fire in Pennsylvania last month. (AP Photo/Michelle Price)

An outdoor stage is set encased with bulletproof glass as supporters arrive to hear Republican presidential nominee former President Donald Trump speak at a rally, Wednesday, Aug. 21, 2024, in Asheboro, N.C. Trump is holding his first outdoor rally since narrowly surviving an attempted assassination when a a gunman opened fire in Pennsylvania last month. (AP Photo/Michelle Price)

Democratic presidential nominee Vice President Kamala Harris and running mate Minnesota Gov. Tim Walz appear at the Fiserv Forum during a campaign rally in Milwaukee, Tuesday, Aug. 20, 2024. (AP Photo/Jacquelyn Martin)

Democratic presidential nominee Vice President Kamala Harris and running mate Minnesota Gov. Tim Walz appear at the Fiserv Forum during a campaign rally in Milwaukee, Tuesday, Aug. 20, 2024. (AP Photo/Jacquelyn Martin)

Democratic presidential nominee Vice President Kamala Harris and running mate Minnesota Gov. Tim Walz appear at the Fiserv Forum during a campaign rally in Milwaukee, Tuesday, Aug. 20, 2024. (AP Photo/Jeffrey Phelps)

Democratic presidential nominee Vice President Kamala Harris and running mate Minnesota Gov. Tim Walz appear at the Fiserv Forum during a campaign rally in Milwaukee, Tuesday, Aug. 20, 2024. (AP Photo/Jeffrey Phelps)

Democratic presidential nominee Vice President Kamala Harris and running mate Minnesota Gov. Tim Walz appear at the Fiserv Forum during a campaign rally in Milwaukee, Tuesday, Aug. 20, 2024. (AP Photo/Jacquelyn Martin)

Democratic presidential nominee Vice President Kamala Harris and running mate Minnesota Gov. Tim Walz appear at the Fiserv Forum during a campaign rally in Milwaukee, Tuesday, Aug. 20, 2024. (AP Photo/Jacquelyn Martin)

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European Central Bank cuts benchmark rate by a quarter point as inflation declines

2024-09-12 21:09 Last Updated At:21:10

FRANKFURT, Germany (AP) — With inflation subsiding, the European Central Bank cut interest rates again on Thursday to prop up tepid growth with lower borrowing costs for companies and home buyers. The U.S. Federal Reserve likely won’t be far behind in joining the rate-cutting process.

The bank’s rate-setting council lowered the deposit rate from 3.75% to 3.5% at a meeting at its skyscraper headquarters in Frankfurt.

It was the second rate cut as the bank starts to withdraw some of the swift rate increases it imposed to snuff out a burst of double-digit inflation that broke out after Russia cut off most natural gas supplies over its invasion of Ukraine.

But experts don't expect a rapid series of rate cuts from either the ECB or the Fed central bank to anywhere near the rock-bottom levels from before the 2020 outbreak of the COVID-19 pandemic. They say the ECB will tiptoe, rather than slash, and might cut rates only one more time this year. Inflation's down with the help of lower oil prices.

Inflation in the 20 countries that use the euro currency fell to 2.2% in August, not far from the ECB’s 2% target, down from 10.6% at its peak in October, 2022.

At her post-decision news conference, bank President Christine Lagarde said recent data had confirmed “our confidence that we are heading towards our target in a timely manner.”

But she steered clear of any guidance on further cuts. She said the bank would make rate decisions on a meeting by meeting basis depending on incoming information about the economy and was "not pre-committing to a particular rate path.”

Policy makers must keep an eye on simmering inflation among services companies and rising wages as workers push to make up for purchasing power lost to the outburst of inflation that followed the end of the pandemic.

The ECB cut once in June and then hit pause in July before going on summer break in August. The rate-setting council led by President Christine Lagarde has to juggle concerns about a disappointing outlook for growth against - which argues for cuts - against the need to make sure inflation is going to reach the bank’s 2% target and stay there - which would support keeping rates higher for a bit longer.

Consumer prices spiked after Russian cut off most natural gas shipments to Europe over its February, 2022 invasion of Ukraine, sending utility bills higher. The rebound from the pandemic also led to bottlenecks in supplies of parts and raw materials, further boosting inflation that then spread more broadly to services, a broad category that includes medical care, personal services such as haircuts, restaurants, hotels and entertainment.

The ECB and the Fed responded with swift rate rises, the ECB bringing its benchmark rate to a record high of 4%, since cut in June to 3.75%.

The central bank’s benchmark rate strongly influences what private-sector banks pay to borrow - and through that rates across the rest of the economy. Higher rates cool inflation by making it more expensive to borrow and buy things, holding back price rises. But high rates can slow growth, and that worry is coming into focus.

Higher rates in Europe and the U.S. have meant increased mortgage costs for home buyers, and higher payments for people who run credit card balances or buy cars on credit. But they have been a boon to savers and retirees who like interest income and are getting visible returns on their bank holdings or money market accounts after years of zero returns.

The Fed is also expected to make a first cut in its benchmark rate at its Sept. 17-18 meeting from a 23-year high of 5:25%-5.5%. Consumer prices rose 2.5% in August from a year earlier, down from 2.9% in July. It was the fifth straight annual drop in inflation. Core inflation excluding volatile fuel and food - which can be a better guide - was higher at 3.2%.

“The long-awaited Fed easing cycle is upon us,” said Brian Coulton, chief economist at Fitch Ratings, but the Fed rate-setters “will be cautious after the inflation challenges of the past few years. The pace of rate cuts will be gentle and monetary easing won’t do much to boost growth next year.”

Europe growth has been sluggish, at 0.3% in the second quarter of this year and a roughly 1.0% annual rate based on performance in the first half. That follows more than a year of near-zero stagnation. Hopes for a more robust pickup have been dampened by recent indicators of business and consumer sentiment, and by a stream of bad news from the eurozone’s biggest economy, Germany.

Germany contracted by 0.1% in the second quarter and its outlook remains gloomy amid a global slowdown in manufacturing. On top of that come long-term factors such as an ageing population, shortage of skilled workers, lagging implementation of digital technology, and excessive bureaucracy that slows down business creation and expansion. Major employer Volkswagen has dropped its no-layoffs pledge that was to run through 2029 as it seeks to cut costs, and has warned it may need to close one or more factories in Germany amid weaker demand for its new electric vehicles in Europe and in China.

FILE - A light installation is projected onto the building of the European Central Bank during a rehearsal in Frankfurt, Germany, Thursday, Dec. 30, 2021. (Photo/Michael Probst, File)

FILE - A light installation is projected onto the building of the European Central Bank during a rehearsal in Frankfurt, Germany, Thursday, Dec. 30, 2021. (Photo/Michael Probst, File)

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