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Where Does a 'Remarkable' U.S. Economy Go From Here?

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
America's economy is far outstripping its peers, but there are serious risks, including from the president-elect.
The article from The New York Times, published on December 19, 2024, discusses the economic policies and their impacts under the Biden administration, contrasting them with the economic conditions during the Trump era. It highlights how the Federal Reserve's decisions on interest rates have influenced economic growth, inflation, and employment. The piece notes that while Biden's policies aimed at infrastructure investment and social programs have spurred job creation and economic recovery post-COVID, critics argue that these measures have contributed to inflation. Conversely, Trump's tax cuts and deregulation are credited with boosting corporate profits and stock market gains, though they are also blamed for increasing income inequality and national debt. The article also touches on public perception, with polls indicating mixed feelings about economic performance, reflecting a polarized view on which administration managed the economy better.

Read the Full The New York Times Article at:
[ https://www.nytimes.com/2024/12/19/business/economy/fed-biden-economy-trump.html ]