On day one, a newly inaugurated President Joe Biden will have to address a devastated economy – much like he and former President Barack Obama did a decade ago.
What can the country expect?
Forecasting how the economy will perform under a new president is generally a fool’s errand. How much or how little credit the person in the White House deserves for the health of the economy is a matter of debate, and no economist can confidently predict how the president’s policies will play out – if they even go into effect – or what challenges might emerge. Continue reading.