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Biden to celebrate progress of American economy in Thursday remarks
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On September 19, 2024, President Joe Biden will address the Economic Club of Washington, D.C., to celebrate progress in the American economy, highlighting the first key rate cut since 2020 and falling inflation. White House Chief of Staff Jeff Zients emphasized that this is a declaration of progress, not victory, outlining three pillars of Biden's economic strategy: response to COVID-19, addressing global inflation, and investing in all Americans. National Economic Adviser Lael Brainard noted ongoing affordability challenges for middle-class families, particularly in housing and childcare. Despite concerns about rising unemployment, the administration believes the labor market remains solid. The White House is also monitoring geopolitical risks, including tensions in the Middle East, but assesses the economy as healthy.
#Biden #Economy #Inflation #InterestRates #Employment #Housing #Covid19 #Affordability #GeopoliticalRisks #EconomicPolicy
https://ruralradio.com/kbear/abc_news/biden-to-celebrate-progress-of-american-economy-in-thursday-remarks-abcidd9c42f58/
==========
On September 19, 2024, President Joe Biden will address the Economic Club of Washington, D.C., to celebrate progress in the American economy, highlighting the first key rate cut since 2020 and falling inflation. White House Chief of Staff Jeff Zients emphasized that this is a declaration of progress, not victory, outlining three pillars of Biden's economic strategy: response to COVID-19, addressing global inflation, and investing in all Americans. National Economic Adviser Lael Brainard noted ongoing affordability challenges for middle-class families, particularly in housing and childcare. Despite concerns about rising unemployment, the administration believes the labor market remains solid. The White House is also monitoring geopolitical risks, including tensions in the Middle East, but assesses the economy as healthy.
#Biden #Economy #Inflation #InterestRates #Employment #Housing #Covid19 #Affordability #GeopoliticalRisks #EconomicPolicy
https://ruralradio.com/kbear/abc_news/biden-to-celebrate-progress-of-american-economy-in-thursday-remarks-abcidd9c42f58/