Jared Bernstein, the outgoing chair of the Council of Economic Advisers, says that Donald Trump is inheriting a strong economy, but with less freedom to maneuver than he had during his first term.
"Biden inherited an economy that was flat on its back because of the pandemic, and he's bequeathing an economy that's flying high," said Mark Zandi, chief economist at Moody's Analytics. "Having said that, there are blemishes in the minds of many Americans ... They feel ripped off."
The economy rebounded strongly from the COVID shock, but the U.S. continues to grapple with a cost-of-living crisis and spiraling federal debt.
If public opinion polls are the guide, Joe Biden has been the worst president since Richard Nixon. Here's why that may be true.
Biden oversaw fundamental shifts in economic policymaking away from the neoliberal consensus. Particularly, he junked the notion that governments must err on the side of higher-than-necessary unemployment, so that employers can access a cheap pool of labour and discipline existing workers with the threat of easy replacement.
President Donald Trump begins his presidential term. He touts plans to make America “the world’s crypto capital,” but his predecessor Joe Biden’s stance on crypto was more ambivalent.
A top economic adviser to President Joe Biden warned that Donald Trump’s incoming administration risks reigniting inflation if it interferes with the Federal Reserve’s policymaking on interest rates.
WASHINGTON (AP) — President Joe Biden ends his term with a gulf between his policy ... s annual inflation rate hit a four-decade peak of 9.1% in June 2022. The Federal Reserve jacked up its benchmark interest rates, making mortgage rates and auto loan ...
In an open letter to the American public ahead of the speech, Biden alluded to the fact that a central promise of his 2020 campaign remains unfulfilled.
But the independent Federal Reserve brought rising prices under ... nation much better off than he found it. How do you think Joe Biden’s presidency will be remembered? What will he be ...
President Joe Biden had good news to deliver in the final jobs report of his administration, which saw jobs growth that defied expectations. Speaking from the Roosevelt Room in the White House on Friday evening, Biden touted the "transformational progress" the economy has made under his watch.