
Biden thinks stock market doesn't matter: Here's what he doesn't get
Fox News
Despite what Biden thinks, the stock market matters. The direction of share prices influences consumer behavior, which helps drive spending, job growth and ... elections.
Politico reports that Biden wants to hit the road, eager to tout his economic achievements and confident that the "nation’s outlook is brightening."
This, as economists from Bank of America, among many others, are predicting a recession in 2023 and rising unemployment thanks to the Federal Reserve’s efforts to combat inflation. And, as prominent companies like FedEx and GE confirm such gloomy forecasts by warning more trouble lies ahead.
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