Biden administration watching stock market closely as equities drop, spokeswoman says

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The Biden administration is watching the stock market SPX, -1.72% and other indicators closely as equities tumbled on Friday, a White House spokeswoman said. “The stock market, as you’ve heard us say many times, is just one measure of the economy,” said press secretary Karine Jean-Pierre. “We are watching, always watching, these different indicators closely, including the stock market,” she told reporters at a daily briefing. Jean-Pierre added that laws signed by Biden including the Inflation Reduction Act are designed to ensure that “we don’t leave anybody behind.”

This article was originally published by Marketwatch.com. Read the original article here.

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