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Biden tells economic team to stay in touch with allies on markets -White House

Economy Sep 28, 2022 09:25PM ET
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© Reuters. U.S. President Joe Biden arrives to speak at an event on health care costs, Medicare and Social Security, in the Rose Garden at the White House in Washington, U.S., September 27, 2022. REUTERS/Jonathan Ernst

(Reuters) - President Joe Biden directed his economic team on Monday to stay in touch with allies and key market players on developments in global financial and energy markets and to brief him regularly as conditions evolve, the White House said.

After a meeting between Biden and his administration's top economic officials, the White House said in a statement that his advisers had told him the U.S. economy remained "resilient in the face of global challenges."

"The President directed his team to stay in frequent touch with partners, allies, and key market actors, and to brief him regularly as conditions evolve," it said.

Biden tells economic team to stay in touch with allies on markets -White House
 

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Comments (4)
Lawrence Schmidt
Lawrence Schmidt Sep 28, 2022 11:38PM ET
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Ass
Lawrence Schmidt
Lawrence Schmidt Sep 28, 2022 11:37PM ET
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What a complete assine ***worthles p o s.
Connecticut Yankee
A_Jaundiced_Eye Sep 28, 2022 10:13PM ET
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"President Joe Biden directed his economic team on Monday to stay in touch with allies and key market players..." In response, his economic team requested that the President stay in touch with Reality.
Roger Miller
Roger Miller Sep 28, 2022 5:52PM ET
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Seems like they are getting nervous due to all the economically damaging policies they've been implementing.  You can't promote policies to stop climate change or encourage organized labor without doing economic damage.  Not to mention the damage the central bankers have done these past two years is catching with them.
Brad Albright
Brad Albright Sep 28, 2022 5:52PM ET
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Come on, gramps, catch up. Addressing climate change is economic opportunity.
trevor hron
trevor hron Sep 28, 2022 5:52PM ET
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The CB have been doing this since 2008-09 Their QE to keep things afloat and even leaning moderately to excessively to too much QE to give the market fluff in ofder to give their nearest and dearest bankers safe. QE really exploded in 2020 and should have stopped immediately that things stabalized. Instead they wanted to ensure a good recovery but instead unleashed the biggest CB induced inflation in history making all kinds elites stupid amounts of momey. No they can hide their money while all the tax payers pay for the aftermath. Even after realizing inflation wasnt transitory they still kept QE in place for 6-7 mobths. Adding $3-500 billion a day in extra liquidity for banks and markets
Connecticut Yankee
A_Jaundiced_Eye Sep 28, 2022 5:52PM ET
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Brad Albright  Yes. I'll bet Hunter B. is licking his chops.
 
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