Jim Tankersley
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President Biden is set to declare on Thursday that the economy has finally reached a turning point he has long sought. With price growth cooling and borrowing costs beginning to fall, he will cast the economic moment as vindication for his often-criticized management of the recovery from the pandemic recession.
But Mr. Biden will stop short of “declaring victory” over inflation in his speech to the Economic Club of Washington, administration officials said.
Instead, the president will stress the need for further action to bring down the costs of...
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