The U.S. economy has outperformed trading partners like the EU, China, and Japan in its recovery from the pandemic. U.S. GDP grew 3.1% over the past year, while inflation has cooled to the Fed's 2% goal. This success stems from over $6 trillion approved by Congress under Trump and Biden to counter COVID-19's economic impact. At 25.5% of GDP, U.S. fiscal support dwarfed other nations and fueled strong growth. Higher wages, business investment, and consumer spending have driven the recovery.
