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Fact-checking Biden's economic victory lap

Posted on AllSides January 23rd, 2023
From The Right

President Joe Biden boasted about his record on the economy on Friday, but many of his claimed victories come with caveats and further context.

The economy is in flux right now, with the Federal Reserve sending interest rates soaring over the past year, inflation high but starting to ease, and fears of a Fed-induced recession percolating.

In the speech, which comes a day before the two-year mark of Biden’s presidency, he highlighted the fact that unemployment is now so low it is now matching the lowest level recorded in the last half-century.


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