Economics
Biden’s ‘Never Been More Optimistic’ Despite Troubled US Economy
- President speaks to union members as Fed mulls rate hike
- Cost-of-living crisis has tipped US equities into bear market
This article is for subscribers only.
President Joe Biden sought to portray Republicans as a threat to voters’ health care and pensions, while insisting the country’s economic prospects are strong despite signals a recession may loom.
“I truly believe we made extraordinary progress by laying a new foundation for our economy, which becomes clear once global inflation begins to recede,” Biden said Tuesday at a meeting of the AFL-CIO, the biggest US labor confederation, in Philadelphia.