That has prompted President Joe Biden to repeatedly ask his advisers: Why then are so many Americans still not feeling great about the economy?
While inflation has eased in recent months, prices on most goods are still higher than they were in the spring of 2021.
Still, Biden’s economic advisers are increasingly telling the president in private that they feel optimistic about the direction things are headed.
Historic-high prices that plagued the first few years of the Biden administration continue to moderate, all while economic growth is outpacing expectations.
If those trend lines continue, they have cautiously told Biden, consumer sentiment, too, should begin to course-correct.
Persons:
Joe Biden, Inflation, Biden, ‘ Sir, we’ll, “, ”, SSRS, Donald Trump, –, ” Biden, – we’re, – Sen, Bob Casey of, greedflation
Organizations:
Washington CNN, CNN, White, University of Michigan, Conference Board, New York Times, UBS Global Wealth Management
Locations:
Columbia , South Carolina, America, Bob Casey of Pennsylvania, Las Vegas, American