so these companies wouldn't be laying off employees because money is much more expensive to borrow? biden was smart to keepo trumps pick for the FED because this was inevitable and any new appointee would have been blamed along with biden. no one is attacking the head of the FED like they are all other biden appointees because he was initially put there by trump. trump was the one who pressured him to keep rates low to pump the market. these companies are doing whats in their own self-interest to saves costs and replace workers with AI wherever possible.
Bruh, Biden is getting blamed anyways, so what? Biden has said countless times the economy is in great shape when it’s all smoke and mirrors.
Optics > the truth