White House assesses state of US economy — Analysis

It is better than it was a year ago, despite what the American public believes, Biden’s press secretary claimed

American consumers might feel depressed about the US economy due to the high level of inflation. However, it is in better shape than it was a year ago according to Karine Jean-Pierre, White House Press Secretary.

Her comment was made in response to the Wall Street Journal-NORC poll that found 83% of respondents described America’s economy as “uncertain”. “poor or not so good.”This number is indicative of general anxiety over gas prices and other essentials, but it does not reflect the fact that there are no major problems in this country. “in a fundamentally different place compared to when the President took office and compared to this time a year ago,”According to the spokesperson, journalists were informed.

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The Federal Reserve conducted a poll in November and October last year that showed 78% of American adults. She countered this new data. “doing OK”Better financially. In his comments on Friday about the employment situation in the country, the President mentioned the same report.

The WSJ poll showed that 35% were not happy with the current financial state of Americans.

“What we’re trying to say, what I’m trying to say to you is that the economy is in a better place than it has been historically,” Jean-Pierre said, referring to the fact that the Federal Reserve started compiling its data in 2013 and that last year’s metric was the best so far.

Additionally, she stated that the Biden administration understood the difficulties of Americans and assured them it was there to help. “the best tools to make sure that we bring down inflation.”

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