Posted 2/2/2024, 5:41:00 PM
Biden Boasts Buoyant Economy Bolstering Reelection Bid
- Economic data shows strong growth, falling inflation, low unemployment, and high consumer confidence, potentially aiding Biden's reelection bid
- Wages are rising faster than inflation after lagging earlier in Biden's term
- The Federal Reserve has signaled it may soon start cutting interest rates
- Biden touted the strong January jobs report as proof the US has the world's strongest economy
- Biden said he'll keep working to lower costs despite the positive signs, due to still-elevated grocery prices