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Biden announced the recovery of the U.S. economy

The US economy is recovering from the damage caused by the pandemic, and in the long term, inflation in the country will be kept under control. This was stated by the President of the United States Joe Biden at a public meeting in Cincinnati (Ohio), broadcast by CNN.

“The vast majority of experts, including on Wall Street, consider it extremely unlikely that inflation will be uncontrolled in the long term. High inflation in the country will be in the short term, " Biden said.

He also expressed confidence that the measures to modernize the American infrastructure, the approval of which is sought by the head of the White House, will ultimately “reduce inflation”.

Recall, on July 15, the Associated Press reported that the number of Americans applying for unemployment benefits in the United States fell to a record low during the pandemic. This indicates the recovery of the American economy and the labor market.

The number of Americans in need of benefits has decreased by 26 thousand. A week earlier, 386 thousand applications were registered. This was reported by the US Congressional Budget Office.

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