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Molly Jong‑Fast’s Comment on Biden Economy and Broader Economic ContextPolitical commentator Molly Jong‑Fast recently said that during Joe Biden’s presidency “our economy was the envy of the world,” a characterization others have made based on strong growth, low unemployment, and U.S. performance relative to other advanced economies. Independent data show that inflation peaked at historically high levels under Biden and later cooled, and that under the 2025 Trump administration inflation has eased though prices remain above the Federal Reserve’s 2 % target. Economists note mixed trends in gas prices, wage growth, and consumer costs under both administrations, and both sides of the political debate claim credit or blame for economic conditions.