Summary
President Joe Biden highlighted his administration’s economic record, citing consistent job growth and a 2.7% inflation rate drop from its 2022 peak.
December’s jobs report showed 256,000 new jobs and declining unemployment, signaling steady economic growth.
However, inflation remains above the Federal Reserve’s 2% target, and interest rates remain high, impacting homebuyers and businesses.
Public pessimism lingers on affordability as Biden passes a largely strong economy to his successor, Donald Trump.
The Japanese version of Wall Street disliking deflation is not the great point you think it is. And yeah if it was so bad you would see a drop in statistics like life expectancy. The fact that people were able to largely keep going with their lives means it’s not the apocalypse.
Im sorry to be rude but you have no idea what you are talking about you dont even know what the bank of Japan is. The bank of Japan is the Japanese central bank that monitors and controls Japans monetary policy. Its nothing like wall street which is an american stock exchange.
Also Life expectancy has so many contributing factors you cannot point to it and say “it didnt go down therefore this change was good”.
Oh I’m sorry, the financial elite. Happy?
And yeah there are a lot of factors. But one pretty universal one is a functioning economy.
Financial elite? They aren’t the “financial elite” they are a bunch of economists that get paid shitty level government wages. The highest ranked person in the BOJ makes 220k USD a year.