Biden's economy is about to feel the heat from the FedThe economy has been strong enough to handle higher rates, but it's not designed for them to stay that way for long after a decade and a half of ultra-low borrowing costs.
Source: Biden's economy is about to feel the heat from the Fed (https://www.politico.com/news/2023/09/29/fed-biden-economy-inflation-credit-00118509)