"Biden inherited an economy that was flat on its back because of the pandemic, and he's bequeathing an economy that's flying high," said Mark Zandi, chief economist at Moody's Analytics. "Having said that, there are blemishes in the minds of many Americans ... They feel ripped off."
The economy rebounded strongly from the COVID shock, but the U.S. continues to grapple with a cost-of-living crisis and spiraling federal debt.
If public opinion polls are the guide, Joe Biden has been the worst president since Richard Nixon. Here's why that may be true.
Jared Bernstein, the outgoing chair of the Council of Economic Advisers, says that Donald Trump is inheriting a strong economy, but with less freedom to maneuver than he had during his first term.
But to make the U.S. better off, he must not repeat President Joe Biden’s impulse to go to extremes ... Meanwhile, the U.S. Federal Reserve enabled these policies, printing money to buy Treasury bonds and keeping interest rates low.
A top economic adviser to President Joe Biden warned that Donald Trump’s incoming administration risks reigniting inflation if it interferes with the Federal Reserve’s policymaking on interest rates.
President Donald Trump begins his presidential term. He touts plans to make America “the world’s crypto capital,” but his predecessor Joe Biden’s stance on crypto was more ambivalent.
On an annualized basis, Biden’s Dow performance is slightly below the 50-year average, but higher than the average among 20th and 21st-century Democratic presidents. Among one-term presidents, the Dow’s performance under Biden is the worst since Jimmy Carter.
WASHINGTON (AP) — President Joe Biden ends his term with a gulf between his policy ... s annual inflation rate hit a four-decade peak of 9.1% in June 2022. The Federal Reserve jacked up its benchmark interest rates, making mortgage rates and auto loan ...
The Biden administration advanced a plan to limit oil drilling and infrastructure across more of Alaska’s National Petroleum Reserve, a bid to lock in land protections and conservation requirements days before President-elect Donald Trump takes office.
President Joe Biden used his farewell address to the nation Wednesday ... and after he has done little to advance those causes during his four years in power at the White House.Federal Reserve data shows the wealthiest 0.1% of the country combined holds ...
The living former presidents, Bill Clinton, George W. Bush, Barack Obama and Joe Biden — who had collectively served in the White House for 28 years — were seated about 6 feet to the right of Trump during his speech. Trump acknowledged them by name but did not acknowledge their decades of public service and leadership.