Biden Seeks Political Boost from Slowing Inflation

“President Biden on Tuesday sought to capitalize on positive economic news that inflation numbers are cooling, arguing that his policies are helping stabilize an economy battered by a global pandemic and a war in Ukraine, after months of facing a political battering for rising prices,” the Washington Post reports.

“Rising gas prices and food costs, combined with warnings of a recession on the horizon, created a noxious political picture for Democrats ahead of the midterm elections. But the party emerged stronger than anticipated, and Biden is now seeking to reframe the economic narrative ahead of announcing his own reelection plans early next year.”