Friday, January 26, 2024

Biden economy’s resilience fuels Democrats’ 2024 optimism - The Washington Post

In prepared remarks, Yellen rebuked the forecasters who "thought a recession last year was inevitable." She also touted low gas prices, a jump in consumer sentiment, rising wealth relative to pre-pandemic levels, a decline in the gap between rural and urban unemployment, caps on some drug prices, and some other signs of economic improvement. 

"It's been the fairest recovery on record," Yellen said, according to her prepared remarks. "The recovery we've had — instead of one that was weaker or less fair — meant that we avoided financial pain for most middle-class American families."…


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