." It's aggressively promoting the concept as Biden seeks to improve his standing with voters amid his re-election campaign.
The inflation rate has cooled over the past year to a more manageable 3.2% annually, while job growth has stayed solid and the economy has avoided the recession that many analysts said would be needed to bring down prices. On Tuesday, the Census Bureau reported that retail sales have climbed 3.2% over the past 12 months.
Aides say the mood of the American electorate has been dampened in recent years by outside forces such as a once-in-a-century pandemic and the time it takes for laws signed by Biden to have an impact.
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