REMARKS BY PRESIDENT BIDEN AT THE ECONOMIC CLUB OF WASHINGTON, D.C.
The Westin Washington, D.C. Downtown Washington, D.C. 1:15 P.M. EDT THE PRESIDENT: Hello, hello, hello. (Applause.) Thank you, David. In my household, we refer to David as the Washington Monument. (Laughter.) He’s been a friend a long time -- a long time. And not only thank you for the introduction, David, but thank you for your friendship. And thank you all for being here and allowing me to be here. Yesterday was an important day for the county, in my view. Two and a half years after the Federal Reserve began raising interest rates, it announced that it would begin lowering interest rates. I think it’s good news for consumers, and it means the cost of buying a home, a car, and so much more will be going down. And it’s good news, in my view, for the overall economy, because lower borrowing costs will support economic growth. And it’s an important signal from the Fed- ...