White House Council of Economic Advisors (CEA) Chairman Jared Bernstein said on the 23rd regarding the US economy, “There is a lot of reason to believe that the current positive trend will continue.”
Chairman Bernstein appeared on Fox News that day and said, “Bidenomics (the Biden government’s economic policy) will continue this trend in the right direction.”
As for economic performance, he said that “wage growth is outpacing inflation,” and after mentioning real wage growth over the past year, he emphasized that consumers’ expectations for the US economy will rise over time.
“We’ve seen these investments grow across the country,” he said, referring to the expansion of electric vehicle investments under the Inflation Reduction Act. “I like the momentum we have now.”
Regarding the relatively low approval rating for the Biden government’s economic policies, he also said, “It takes time for people’s sentiments about the economy as a whole to catch up with new economic trends.” He emphasized, “President Biden has been working with a low attitude to help households and businesses escape the crisis and return to a sound and sound economy.”
In various opinion polls, President Biden’s approval rating for state affairs is around 40%, and positive evaluations of economic policies, such as countering inflation, remain at a similar level. For example, in a recent Monmouth University poll, 47% rated the Biden government’s job policy positively and 48% negatively, and only 34% supported the inflation policy, reported The Hill, a media outlet specializing in Congress.