President Biden clearly knows he needs to get inflation down and earn better marks on his handling of the economy to clinch his 2024 reelection odds. Biden talks about the economy all the time and usually acknowledges that there’s more work to do on inflation.
Voters seem excessively gloomy. Inflation has come down a lot since it peaked at an annual rate of 9% in 2022. It’s now just 3.7% and many economists think the Federal Reserve’s aggressive effort to tame inflation by jacking up interest rates is working. Fed policy typically operates with a lag time of a year or more, which means some of the Fed’s rate hikes still haven’t worked their way into the economy.
We also asked how people think the US economy is doing relative to other developed nations. Thirty-eight percent think the United States is doing worse, while 40% think it is doing about the same. Only 21% think the United States is doing better than other developed nations. Again, the minority view is correct. The US economy has outperformed nearly all other developed nations, coming out of the COVID pandemic in better shape and getting inflation down faster.
Fox NewsDonald Trump’s whiny and rambling testimony Monday in his civil fraud trial in New York was captured by a courtroom sketch artist whose depiction of the former president could use some improvements, former Trump White House Press Secretary Kayleigh McEnany said on Fox News’ The Five.
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