Tag: Vice President Joe Biden
The Boss and His Botched Coverup
News is, by definition, hard to predict. For most of this year, many economists had been expecting a recession—some declared it all but a certainty—but, on Wednesday, the Federal Reserve chairman Jerome Powell revealed that his staff is no longer forecasting a prolonged downturn. A day later, U.S. growth data for the second quarter of 2023 came in at an unexpectedly strong annual rate of 2.4 per cent. Consumer confidence is rebounding. “In hopeful moment, storm clouds over Biden economy