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US President Joe Biden waits to welcome President William Ruto of Kenya to the White House in Washington on May 22, 2024.
Gripas Yuri/ABACA via Reuters Connect
May 22, 2024
But none of that is true .
So why the disconnect?
Much of the bad vibes are lingering from America’s post-COVID economic recovery. The US generally bounced backbetter than its peers, but inflation is still squeezing average Americans while the Federal Reserve is keeping interest rates high. Even if the stock market and GDP reachnew heights , so is Americans’ cost of living — and at a time when it costs more to borrow.
Another vibecession culprit: politics, baby. OneYouGov poll shows the percentage of Republican respondents who thought the economy was improving dropped from 64% in November 2020 to 6% after Biden’s inauguration in January 2021. Unsurprisingly, Democrats’ views on the economy also shot way up after Biden took office, without much changing economically.
If Americans’ perceptions of the economy are deeply entrenched with their political affiliation, is there anything Biden can do ahead of November’s election? His administration is working to bring downgas prices and slashstudent debt . But as long as prices and interest rates stay high, he may have a hard time swaying voters’ historically low confidence in his ability to do the right thing for the economy.
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FILE PHOTO: Bank of Canada Governor Tiff Macklem takes part in a news conference after announcing an interest rate decision in Ottawa, Ontario, Canada April 12, 2023.
REUTERS/Blair Gable/File Photo
January 25, 2024
In the United States, investors are waiting to see what the Fed does next week when policymakers meet. Some investors have warned that a hot stock market could cause the Federal Reserve to keep rates higher for longer than expected.
Both Joe Biden and Justin Trudeau will be hoping that inflation continues to slow, stabilizing consumer prices and allowing central bankers in both countries to stop restricting the supply of money before voters go to the polls again.
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Will consumers ever trust AI? Regulations and guardrails are key | Global Stage | GZERO Media
September 24, 2023
But the incredible potential of AI technology and its ease of proliferation means it’s coming, ready or not. The challenge to tech companies, governments, and civil society is standing up guardrails and regulations that will nudge public opinion toward widespread trust.
Former New Zealand Prime Minister Dame Jacinda Ardern, Microsoft Vice Chair and President Brad Smith and Eurasia Group President Ian Bremmer sat down to discuss the problem and its geopolitical implications in a recent Global Stage livestream, from the sidelines of the 78th UN General Assembly.
Watch the full Global Stage Livestream conversation here: Hearing the Christchurch Call
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