The Biden Economy Keeps Growing—and the Experts Hate It ...Middle East

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Like Rasputin, the Biden economy refuses to die even as the Federal Reserve, Congress, and the nation’s bank executives try to club it to death. The Bureau of Labor Statistics (BLS) reported Friday morning that 339,000 jobs were created in May. That’s pretty much in line with the average over the previous 12 months (341,000). The Fed won’t be pleased. It has raised interest rates 10 times since March 22, with three quarter-point hikes this year, and Fed governor Philip Jefferson signaled in a speech this week that the Fed would not raise them again in June while it assessed the state of the economy. It may have to reconsider. Inflation has been drifting down for nearly a year, but Fed Chairm

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Last updated : 02 June 2023 clock 05:09 PM

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The Biden Economy Keeps Growing—and the Experts Hate It ...Middle East

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