The Defining Economic Issue of the US Election
Americans remain pessimistic about the state of the economy largely because the big jump in prices overwhelmingly outweighs the drop in inflation. Unfortunately, the current state of US politics means that more attention will be paid to assigning blame, rather than debating solutions, ahead of November’s presidential election.
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NEW HAVEN – Economists are struggling to reconcile their upbeat views on the US economy with the angst of average Americans. The key measures of economic performance – growth, unemployment, and inflation – are almost perfect, putting the United States in an enviably strong position. But ahead of November’s presidential election, voters continue to cite the economy as a top issue. The main problem: inflation.