Biden’s Economic Optimism Threatened By Sticky Inflation, Credit Shocks US News | The Epoch Times https://ift.tt/3PUmcJi The U.S. economy has made a remarkable comeback from COVID-19, growing by 2.1 percent in 2022 and returning to its pre-pandemic growth track. Since President Joe Biden took office, the economy has recovered more than 12.5 million jobs and the unemployment rate has dropped to a 50-year low. The number of applications for new small businesses has also reached an all-time high, which Biden has frequently praised. “The progress we’ve made creating strong, sustainable, economic growth has been real,” the president said on April 3 in a speech in Minnesota as part of his “Investing in America” tour. Biden and his cabinet members have recently embarked on a tour of U.S. states to tell Americans that the administration’s economic agenda is working. Biden has spoken proudly of his legislative wins that helped unlock “more than $435 billion in private investment in less than two years.”... April 09, 2023 at 12:39AM https://ift.tt/3iL8GgQ Emel Akan https://ift.tt/gs2dxn0
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