U.S. President Joe Biden will tout progress in bringing down inflation and boosting employment on Thursday after the Federal Reserve's interest rate cut, while vowing to keep working to lower costs for American families,

The White House chief of staff recalled how Biden came into office with what he described as “a once-in-a-generation pandemic and an unprecedented shutdown in the economy” for which the outgoing administration had left “no plan or path forward.”

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.