The Hill
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Happening Now: Biden gives remarks at Economic Club
Posted
September 19, 2024
Views
1,649
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September 19, 2024
1,649
28
26
3.27%
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33:11Now PlayingPresident Biden on Thursday afternoon is slated to deliver remarks at the Economic Club of Washington, D.C., one day after the Federal Reserve announced it was slashing interest rates.
White House chief of staff Jeff Zients previewed that Biden’s speech is “not meant to be a declaration of victory, it’s meant to be a declaration of progress — significant progress.”
The Federal Reserve cut interest rates by 50 basis points on Wednesday, which was its first reduction following a more than two-year fight against post-COVID-19 driven inflation. The new federal funds rate is 4.75 percent to 5 percent.
The event is scheduled to begin at 12:55 p.m. ET.
Watch the live video above.
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