COINOTAG News reported on May 1st that during a cabinet meeting, U.S. President Trump expressed skepticism regarding the stock market’s role as a definitive economic barometer. He emphasized that while the market serves as an indicator of economic health, it should not be considered the ultimate authority. President Trump noted that the stock market’s recent downturn reflects the ongoing challenges faced since the Biden administration’s inception, indicating that the ramifications of these policies will likely persist into the next quarter. He refrained from making any definitive judgments regarding current market conditions, thereby highlighting the complexity of the economic landscape.
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