Inside the White House, confidence grows that a strong economy will sell itself to Americans

[andym]

16. Problem has been that the economy has been too strong growth wise

The Fed expected a recession due to interest rate hikes to cool off demand and lower inflation even more. Nevertheless, inflation appears under control. However, some key consumer items could benefit from deflation: gas and food. High interest rates are holding back some inflationary forces, but the Fed has suggested it might cut interest rates this year modestly, which would jump start the housing market. I think the keys are low gasoline prices going into the summer, and declining food prices coupled with a little more friendly interest rates for mortgages. That should help Joe Biden immensely, who is likely to run on Bidenomics-- would love to hear: "It's morning in America again."