President Biden recently celebrated a positive economic indicator on social media, only to face a swift reversal when the stock market took a sudden nosedive.
The market’s decline was driven by a hotter-than-expected inflation report, contradicting the president’s earlier message of confidence in the economy.
While presidents don’t control stock markets, history shows that voters often hold them accountable for economic downturns.
Good news for folks as we start the weekend. The stock market going strong is a sign of confidence in America’s economy. https://t.co/3nnSiVWOYP
— President Biden (@POTUS) February 10, 2024
Despite Biden’s lack of direct influence over the market, his association with it could have political implications.
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