ICYMI: Bidenomics Is Growing the Economy from the Middle Out and Bottom Up

President Biden's economic plan is growing the economy from the middle out and the bottom up, not the top down. Under his leadership, inflation has fallen by nearly two-thirds from its peak, our economy has added more than 14 million jobs, and workers' wages and household wealth are higher now that they were before the pandemic, adjusted for inflation. And while naysayers once predicted a 100% chance of a recession, our economy has grown by 3% over the last year. But our work isn't finished—and that's why President Biden is continuing to fight every single day to lower costs for hardworking families and strengthen the middle class.

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MSNBC: All In With Chris Hayes

HAYES: I have some news about that recession that everyone said was coming. I think maybe it's not going to come. Now whether you believe it or not or if you feel it or not, the United States economy, at the macro level, under President Biden, is, according to nearly every metric we used to measure such things, in excellent shape. Yesterday, the Chairman of the Federal Reserve, Jerome Powell, announced the Fed will keep interest rates steady for now and forecast they will cut rates three times in 2024. That may seem obscure, the kind of thing the business press covers closely, but it's massively significant. It's a hugely positive indicator that we may be through the worst of our recent economic challenges, the most difficult turbulent ones that we have seen in a generation at least. And next year we could have something that looks like normalcy. Better than normalcy. A growing economy, unfettered by the aftermath of Covid. […] The economy, our economy, has defied all expectations, our predictions of doom, and all systems right now are roaring ahead.