The president’s speech on Thursday won’t be a “victory lap,” officials said, but it will celebrate falling inflation and borrowing costs along with solid growth.

U.S. President Joe Biden will tout progress in bringing down inflation and boosting employment on Thursday, a day after the Federal Reserve's interest rate cut, while vowing to keep working to lower costs for American families,

President Joe Biden is celebrating the Federal Reserve’s decision to lower interest rates by saying it shows that inflation has eased.