Despite the Biden administration’s efforts to promote the strength of the economy, many Americans are not convinced. A recent Pew Research survey revealed that only about 4 in 10 Americans believe their personal finances are in excellent or good shape, but less than a quarter feel the same way about the nation’s economy.
This discrepancy between personal and national economic perceptions was also highlighted in a survey conducted earlier in March this year, where nearly three quarters of Americans identified strengthening the economy as the top priority for the president and Congress.
As concerns about the economy continue to loom large on voters’ minds, we explore how the Federal Reserve is addressing this issue. Stay tuned for more on how this important institution is working to support American economic growth and stability.