WASHINGTON (AP) — When it comes to reassuring Americans about an economy that’s an election-year challenge to his party, President Joe Biden is telling the country to hold on. It’s a message of patience as voters are buffeted by persistent inflation, fears of a recession and the prospect of rising energy prices in the closing weeks of the campaign season. Growth has fallen for two straight quarters, raising the specter of recession. Job gains have rolled on, but that’s causing worries the Federal Reserve will have to continue aggressive interest rate increases to temper rising consumer costs. And pump prices are a big concern now that OPEC and its partners have announced severe production cuts.
Biden preaches patience to voters spooked by economic tumult
