Brainard Hails US Recovery, Says Biden’s Top Focus Is on Costs
- Real wages are up despite inflation, NEC chair says in memo
- Biden grappling with voters’ worries about high prices in 2024
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President Joe Biden’s top economic aide says rising wages and easing inflation will help the bottom line for American households, potentially easing the disconnect between a robust economy and voter angst weighing on his reelection bid.
Lael Brainard, the former Federal Reserve vice chair who now leads Biden’s National Economic Council, outlined the case for a rebound in sentiment in a memo Tuesday while saying Biden’s top focus is on costs.