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In his remarks, President Biden characterized the task of discussing the economy as challenging but necessary. He took time to emphasize the recovery and transformation that the U.S. economy has undergone post-pandemic, highlighting efforts to rescue the economy from the devastating fallout caused by the previous administration's handling of the crisis.
With a focus on delivering immediate economic relief to those most in need, Biden pointed out that his administration succeeded in achieving full employment and reducing inflation. He indicated that many economists agree the incoming administration will inherit a robust economy built on a stronger foundation for sustainable growth.