The Importance of Consumer Sentiment in the Economy

6min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

For the first time since Biden took office, real wages are rising at a faster rate than inflation. The Obama administration is willing to put other goals on hold temporarily to achieve lower inflation. "I think there's this pessimistic story that attempts to empower the bottom end is just not politically feasible," Miles says.

A lot of Americans are still feeling iffy about the economy, but Joe Biden’s so proud of how things are going that he’s stuck his name on it. The Washington Post’s Jeff Stein explains “Bidenomics.”

This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Michael Raphael, and hosted by Noel King.

Transcript at vox.com/todayexplained

Support Today, Explained by making a financial contribution to Vox! bit.ly/givepodcasts

Learn more about your ad choices. Visit podcastchoices.com/adchoices