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Difficult decision: Fed faces rate rise dilemma
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Biden says in State of the Union economy is building 'from the bottom up'

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Wall-Street Call joined discussion · Feb 8, 2023 10:55
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President Joe Biden used his State of the Union Address Tuesday night to tout what he said were the economic successes of his administration in an attempt to assuage concerns of a public that remains largely skeptical of his performance two years into his term.
Biden says in State of the Union economy is building 'from the bottom up'
Speaking before a joint session of Congress, Biden said that despite the ongoing spectre of inflation weighing on Americans' minds every time they go to the gas station or grocery store, the nation's economy is on the upswing and reiterated his mantra of wanting to "build an economy from the bottom up."
Biden acknowledged inflation being "a global problem", but stressed that it is coming down, and as an example said that gas prices, on average, have fallen every month for the last six months.
"We're just getting started," President Biden said about new legislation designed to support and improve U.S. manufacturing and infrastructure.
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