As President Joe Biden approaches the end of his term, he is making efforts to redefine the narrative surrounding his economic legacy. During his four years in office, factors such as strong demand, supply chain disruptions, and increased government spending have contributed to a rise in the cost of living not seen since the 1980s.
Prior to the recent election, the White House had touted the strength of the economy. However, concerns arose that the Biden-Harris administration risked appearing disconnected from voters' frustrations over inflation.