Leading economists at big banks like Goldman Sachs and JPMorgan Chase have lowered their odds of an imminent recession.
“I continue to believe that there is a path to reducing inflation while maintaining a healthy labor market,” Treasury Secretary Janet Yellen said in prepared remarks delivered in New Orleans last week. “Without downplaying the significant risks ahead, the evidence that we’ve seen so far suggests that we are on that path.”
Still, despite low unemployment, wage growth and a relatively robust stock market, Americans have given the president dismal marks on economic policy. An Associated Press-NORC Center for Public Affairs Research poll released last week found that barely a third of respondents approve of Biden’s leadership on economic matters.
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