The White House maintained on Monday that Americans are well equipped to deal with current economic hurdles -- including US stocks plunging into a bear market -- because of President Joe Biden's efforts in office.
When asked the White House's reaction to the falling stock market, including all the gains made since Biden took office last year being wiped out, press secretary Karine Jean-Pierre said the White House is watching the situation closely."We know families are concerned about inflation and the stock market.
At that point, the Fed would resume standard quarter-point hikes, he said.But after May's hotter-than-expected inflation report, Wall Street is increasingly calling for tougher action from the Fed to keep prices under control.Pressed on the effect prospective retirees may be feeling as a result of the plunges to in the value of their 401k, Jean-Pierre said,"We know that high prices are having a real effect on peoples' lives.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Opinion | The White House Keeps Stoking Covid FearsFrom WSJopinion: The biggest risk to children comes from disruptions in their schooling. We will be cleaning up the school-closing mess for years, and fomenting baseless fear only makes the task harder, writes DrJBhattacharya.
Baca lebih lajut »
Biden's White House hosted several 'defund the police' activists over the past year, visitor logs showA number of prominent 'defund the police' activists have had access to top Biden aides over the past year, visitor logs show.
Baca lebih lajut »
White House condemns threat against Supreme Court Justice Brett KavanaughPresident JoeBiden denounced the actions of an armed man arrested near Brett Kavanaugh's home after threatening to kill the Supreme Court justice, according to the White House.
Baca lebih lajut »
Biden’s Power Broker: How Susan Rice Defied Critics and Created a White House Policy FiefdomRice has relied on internal maneuvering and bureaucratic know-how to place herself at the center of some of the fiercest debates roiling Washington.
Baca lebih lajut »
‘Defund the police’ backers got meetings with Biden White House: reportDespite President Biden saying he opposes the “defund the police” movement, at least four of its proponents have met with top administration officials.
Baca lebih lajut »
White House Report Card: SNABU — Situation Normal, All Bidened UpPresident JoeBiden is on two new records this week: Inflation is at a decadeslong high, and his approval rating is the worst yet. Conservative grader JedBabbin handed the president an 'F,' while pollster ZogbyStrategies gave Biden a 'C-.'
Baca lebih lajut »