President <a href="https://www.washingtonexaminer.com/tag/joe-biden/" target="_blank" rel="noopener" title="">Joe Biden</a> will address the Economic Club of <a href="https://www.washingtonexaminer.com/tag/washington-dc/" target="_blank" rel="noopener" title="">Washington, D.C.</a>, at 1:15 p.m. ET on the progress made in fighting <a href="https://www.washingtonexaminer.com/tag/inflation/" target="_blank" rel="noopener" title="">inflation</a>.


<p>Biden’s remarks come a day after the Federal Reserve cut interest rates by half a point, signaling the Fed’s battle with inflation is nearing an end. The new federal funds rate is 4.75% to 5%.</p>
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<p>Biden’s speech will also touch on continued efforts to lower costs.</p>
<p>In August, the consumer price index fell to 2.5%. The Fed’s goal is for the consumer price index to fall to 2%.</p>

President Joe Biden will speak at the Economic Club of Washington, D.C., about the progress made in fighting inflation.{ai:summary}<p>President Joe Biden will speak to the Economic Club of Washington, D.C. about progress in combating inflation. His remarks follow a recent Federal Reserve interest rate cut, reducing the federal funds rate to 4.75% to 5%.  </p><p>Biden will address efforts to lower costs further, noting the consumer price index dropped to 2.5% in August, with the Fed aiming for a target of 2%. #economy</p>

WATCH LIVE: Biden delivers remarks at Economic Club of Washington, DC - Washington Examiner

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