Despite Lower Inflation, High Prices Still Affect Americans

Public sentiment remains negative as cost of living increases persist, posing challenges for Biden's re-election campaign.

Inflation has reached its lowest point in 2 1/2 years, but most Americans still hold a negative view of the economy.
Despite the steady cooling of inflation, many goods and services are still far pricier than they were just three years ago.
Treasury Secretary Janet Yellen acknowledges that although prices are rising less quickly, Americans still see increases in some important prices, including food and rent.
President Joe Biden has signed three key pieces of legislation investing trillions in the U.S. economy, which Yellen believes will lead to lower inflation and a stronger labor market.
Nearly 60% of registered voters disapprove of Biden's handling of the economy, posing a significant challenge for his re-election campaign.