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A reminder to all you far left and far right nutjobs that think Joe Biden has done nothing significant in office
(lemmy.world)
this post was submitted on 18 Jan 2024
1041 points (83.3% liked)
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Also it's been proven presidential policy has little to do with economic outcome and unemployment rates. Honestly any president other than Trump probably would've caused an economic upturn due to the unpredictability of Trump. Also the pandemic being SOMEWHAT over has more to do with unemployment than Biden.
Fewer people looking for work because they realized that working a minimum job is worse than not having a job also lowers unemployment.
And a lot of old people finally retiring.
The fed playing with interest rates certainly has and has had a direct and measurable impact on the current economic situation.
You can argue that the fed is independent from the president, but the fact is they generally do whatever the president suggests.