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Is Bidenomics Trying to Do Too Much?

Heather Boushey defends the administration’s industrial policy approach.

By , the editor in chief of Foreign Policy.
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Last month, when news emerged that the American economy grew by 2.4 percent in the second quarter of 2023, U.S. President Joe Biden responded by saying that the results were “Bidenomics in action.” Biden had reason to be pleased: Apart from the faster-than-expected growth, inflation has begun to cool and the chance of a recession this year has declined.

Ravi Agrawal is the editor in chief of Foreign Policy. Twitter: @RaviReports

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Tags: China, Economics, Joe Biden, Trade Policy & Agreements, U.S. Foreign Policy, United States

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U.S. President Joe Biden's head is visible in profile and out of focus as he speaks in front of a large sign that says "Bidenomics" in white lettering against a dark blue background.
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