As the U.S. opens up and people are beginning to dine out and travel, the Biden Administration is betting on much-needed economic growth. But the current U.S. economy is sending a confusing mix of signals with a plethora of contradictions: labor shortages and unemployment, and rising prices but low-interest rates. Notwithstanding the daily debates about reducing unemployment benefits and many experts warning about the dangers of inflation, the Administration is pressing forward with a $6 Trillion budget proposal that injects stimulus in infrastructure, climate change, elder care, child tax credits, and much more. Will ‘Bidenomics’ save America’s confusing economy?
Altamar hosts Peter Schechter and Muni Jensen are joined by Caroline Atkinson, former Head of Global Policy at Google and Deputy National Security Advisor for International Economics in the Obama Administration, to discuss the contradictory nature of the U.S.’s economy and what comes next. Altamar’s ‘Téa’s Take’ by Téa Ivanovic discusses the economic trends of young workers.