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The Independent UK
The Independent UK
National
Josh Marcus

Biden insists US economy ‘going to be fine’ after stock market plummets amid reports of continued inflation

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President Joe Biden says that Americans shouldn’t worry about Tuesday’s stock market drop, arguing things are “going to be fine” despite continued reports of higher-than-expected inflation.

“The stock market doesn’t necessarily reflect the state of the economy, as you well know,” Mr Biden told reporters in Delaware. “The economy is still strong.  Unemployment is low.  Jobs are up.  Manufacturing is good. I think we’re going to be fine.”

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