The president said he was not declaring victory over inflation, but marking a pivot point for the recovery from pandemic recession.

Biden on Thursday touted the work that his administration has done in steering the nation’s economy over the last three-and-a-half years and promised it would continue to prospe

U.S. President Joe Biden began touting the 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.