When he delivered his State of the Union address in March, Joe Biden framed the state of the American economy as a true success story, pointing to the historically low unemployment rate and falling inflation as signs of the country’s robust recovery from the early days of the coronavirus pandemic.
“I inherited an economy that was on the brink. Now, our economy is literally the envy of the world,” the US president said. “And it takes time, but the American people are beginning to feel it.”
