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Job fears, price spikes mean heartburn for Biden White House as economy revs up | Money


Sunday, 16 May 2021 08:40 PM MYT
US President-elect Joe Biden delivers remarks during a televised speech on the current economic and health crises at The Queen Theatre in Wilmington, Delaware January 14, 2021. Reuters pic
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WASHINGTON, May 16 High unemployment. Rising prices. Gas lines.
They’re a bad memory for Americans old enough to remember the 1970s but they’re also likely causing a few sleepless nights in the White House, as the United States’ economic recovery from the unprecedented coronavirus recession hits some bumps.
The jolts are dampening consumer confidence, ramping up inflation fears, and helping Republicans build their case against President Joe Biden and his ambitious plans to revamp the US economy with trillions in new spending. ....

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