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Reason
Reason
Liz Wolfe

Why Is the Economy So Weird Right Now?

What pundits say: "Joe Biden is, at the moment, losing his reelection campaign," wrote The Atlantic's Annie Lowrey in a piece this week. "And he is doing so while presiding over the strongest economy the United States has ever experienced."

Lowrey cites the low jobless rate—under 4 percent!—and higher wage growth than we experienced during Barack Obama's administration. "Inflation has cooled off considerably," she adds, "meaning that consumers' purchasing power is strong."

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