Oddbean

Biden to celebrate progress of American economy in Thursday remarks ========== President Joe Biden will speak on September 19, 2024, at the Economic Club of Washington, D.C., to celebrate progress in the American economy, highlighting the first key interest rate cut since 2020 and falling inflation. White House Chief of Staff Jeff Zients emphasized that the remarks will not declare victory but will outline significant progress and ongoing challenges, particularly in childcare and housing costs. National Economic Adviser Lael Brainard noted the need for more affordable housing and the importance of enabling more workers to participate in the labor force. Concerns about rising unemployment and geopolitical risks were addressed, with officials asserting the economy remains healthy. #Biden #Economy #InterestRates #Inflation #Housing #Employment #Covid19 #EconomicPolicy #Affordability #GeopoliticalRisks https://abcnews.go.com/US/biden-celebrate-progress-american-economy-thursday-remarks/story?id=113833192