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.

  • @Maggoty
    link
    17 days ago

    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.

    • @Fizz@lemmy.nz
      link
      fedilink
      17 days ago

      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.

      • @Maggoty
        link
        17 days ago

        If you think 220k is some small thing then you’re entirely disconnected from reality.

        • @Fizz@lemmy.nz
          link
          fedilink
          06 days ago

          If you think the top person in a central bank of a country of 150million people making 220k is them being part of the financial elite is insane.