Biden speaks at the Economic Club of Washington, D.C.

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On Thursday, at the Economic Club of Washington, D.C., President Joe Biden is expected to celebrate the decline of inflation and interest rates.

The Federal Reserve's decision to cut interest rates by 50 basis points prompted the president to make comments the following day.

Lael Brainard, National Economic Council Director, stated that while the decreases in inflation and interest rates are positive, it's premature to declare victory.