Despite a Looming Recession President Biden Insists We Are on the Right Track | EWTN News Nightly

About this sermon

President Joe Biden says that despite challenges, we are on the right track. Meanwhile, Treasury Secretary Janet Yellen said during a press conference that there are "some positive signs... that suggest inflation is likely to come down in the days ahead," but adding that we will have to wait and see. Research Fellow at the Heritage Foundation, Joel Griffith, joins to share whether the Biden Administration is being too optimistic. Secretary Yellen also said that coming out of the pandemic has caused supply chain pressures which are driving inflation. Griffith discusses how much longer we can link our economic problems to the pandemic. President Biden emphasized that the Inflation Reduction Act "will reduce inflationary pressures on the economy." The research fellow explains whether this bill could live up to what it promises. EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join host Tracy Sabol, our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf