After Fed Cuts Rates, Biden Will Claim Credit for Economy’s Strength NYT | Top Stories Jim Tankersley 19 September 2024 at 17:06 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. © Haiyun Jiang for The New York TimesIn a speech in Washington, President Biden will stress the need for further action to bring down the costs of housing, groceries and other daily necessities that continue to frustrate American consumers.