WASHINGTON, DC - SEPTEMBER 19: U.S. President Joe Biden speaks at the Economic Club of Washington, DC September 19, 2024 in Washington, DC. Biden spoke on the current state of the U.S. economy following an interest rate reduction announced by the Federal Reserve yesterday. (Photo by Win McNamee/Getty Images)

WASHINGTON, DC - SEPTEMBER 19: U.S. President Joe Biden speaks at the Economic Club of Washington, DC September 19, 2024 in Washington, DC. Biden spoke on the current state of the U.S. economy following an interest rate reduction announced by the Federal Reserve yesterday. (Photo by Win McNamee/Getty Images)

WASHINGTON, DC - SEPTEMBER 19: U.S. President Joe Biden speaks at the Economic Club of Washington, DC September 19, 2024 in Washington, DC. Biden spoke on the current state of the U.S. economy following an interest rate reduction announced by the Federal Reserve yesterday. (Photo by Win McNamee/Getty Images)

WASHINGTON, DC - SEPTEMBER 19: U.S. President Joe Biden speaks at the Economic Club of Washington, DC September 19, 2024 in Washington, DC. Biden spoke on the current state of the U.S. economy following an interest rate reduction announced by the Federal Reserve yesterday. (Photo by Win McNamee/Getty Images)

WASHINGTON, DC - SEPTEMBER 19: U.S. President Joe Biden speaks at the Economic Club of Washington, DC September 19, 2024 in Washington, DC. Biden spoke on the current state of the U.S. economy following an interest rate reduction announced by the Federal Reserve yesterday. (Photo by Win McNamee/Getty Images)

WASHINGTON, DC - SEPTEMBER 19: U.S. President Joe Biden speaks at the Economic Club of Washington, DC September 19, 2024 in Washington, DC. Biden spoke on the current state of the U.S. economy following an interest rate reduction announced by the Federal Reserve yesterday. (Photo by Win McNamee/Getty Images)

US President Joe Biden walks back to the Oval Office after returning to the White House following an event at the Economic Club of Washington, DC, on September 19, 2024. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)

US President Joe Biden speaks at the Economic Club of Washington, DC, on September 19, 2024. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)