Fmr. Obama Econ. Adviser El-Erian: Biden’s Policies Haven’t Given Security to Average American

On Friday’s broadcast of the Fox News Channel’s “America Reports,” economist, President of Queens’ College, Allianz Chief Economic Adviser, and former Obama Global Development Council Chair Dr. Mohamed El-Erian stated that while President Joe Biden’s economic policies have worked in terms of the job market, “Where they’re not working is in giving the average American security.”

El-Erian answered, “So, where they’re working is in the jobs market, where we’ve had 28 months of unemployment below 4%. That is an incredible record. Where they’re not working is in giving the average American security. And you see that very clearly in the surveys. They are worried about prices, they’re worried about future wages. Their pandemic savings have now gone negative and their credit cards are maxed out in quite a few of the segments of –.

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