Watch: Biden delivers remarks at the Economic Club of Washington, D.C.

[The stream is slated to start at 1:15 p.m. ET. Please refresh the page if you do not see a player above at that time.]

President Joe Biden is speaking at the Economic Club of Washington, D.C., on Thursday, where he is expected to celebrate falling inflation and interest rates.

The president's remarks come the day after the Federal Reserve announced its decision to cut interest rates by a surprisingly aggressive 50 basis points.

"The declines in inflation and interest rates are welcome, but no one's declaring victory," National Economic Council Director Lael Brainard told reporters ahead of Biden's remarks.

Read more CNBC politics coverage

• Ray Dalio calls upcoming U.S. election the most consequential of his lifetime
• Trump Media stock closes at new postmerger low on eve of 'lockup' expiration
• Powell downplays impact of rate cut on Trump-Harris presidential race
• Teamsters union says it will not endorse Harris or Trump in 2024 presidential election
• Republican House speaker floats deregulation, tax cuts — not tariffs — to pay for Trump proposals

• Ray Dalio calls upcoming U.S. election the most consequential of his lifetime
• Trump Media stock closes at new postmerger low on eve of 'lockup' expiration
• Powell downplays impact of rate cut on Trump-Harris presidential race
• Teamsters union says it will not endorse Harris or Trump in 2024 presidential election
• Republican House speaker floats deregulation, tax cuts — not tariffs — to pay for Trump proposals