Stocks Slump 3% As Worries Grow Over Higher Interest Rates

The video discusses a significant drop in the Dow, erasing earlier gains and closing down by over 3%. This contrasts with President Biden's optimistic statements about the economy improving despite the worst inflation in 40 years. The video highlights Biden's low approval ratings on economic handling, with only 34% approval according to a CNN poll. The White House's efforts to manage inflation and gas prices, including releasing oil from reserves, are mentioned. Political figures like Senator Mark Kelly express dissatisfaction with current measures and propose solutions like suspending the gas tax. Concerns about a potential recession are raised, with economic advisors acknowledging the pressures despite the US being better positioned than other economies.

What measures has the White House taken to address inflation?

What major concern did Jared Bernstein mention regarding the US economy?