In a speech at the Economic Club of Washington, President Joe Biden highlighted significant economic progress during his tenure, backed by legislative efforts like the American Rescue Plan and the Inflation Reduction Act. He emphasized that while the Federal Reserve's recent interest rate cuts signal a positive shift, it is not a declaration of victory but rather progress. Biden acknowledged ongoing economic challenges, especially in reducing costs for families and addressing childcare and housing issues. The president also stressed the importance of recognizing the achievements to foster a positive economic outlook. Despite improvements, polls indicate that the economy remains a critical issue for voters, with many still favoring former President Trump’s economic policies. Vice President Kamala Harris’s campaign aims to bridge this gap by focusing on the administration’s economic accomplishments.