Pres. Biden: No doubt that we expect to see growth slower compared to last year

Business leaders speaking with Pres. Biden as he interviews them:

• No doubt that we expect see gross lower compared to last year
• applaud the desire to get the CHIPS act to his desk

Brian Moynihan of Bank of America says

• consumers are continuing to spend money
• balances are moving higher and have money. Balances much higher than in the pandemic
• consumers are traveling vs. buying goods
• consumers are worried about inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term
• consumers are concerned about rent increases

Marriott CEO:

• Seeing improvement in business travel
• Seeing higher savings rate
• Opening of borders and easing on travel restrictions
• Eliminating inbound testing requirements
• Demand for in-person training is rising

One of the issues for the President, is people don't listen to him. So he is reversing the tables, and interviewing the business leaders in the hopes the people will listen to them.