Impact of Gene Sperling leaving the White House on the economy and presidential campaign
Biden-Harris senior economic adviser Gene Sperling left the White House to join Harris's presidential campaign team. Stocks plunged, and recession fears rose. Job growth was below forecast. Major stock indexes fell sharply on Monday. Harris praised 'Bidenomics' in August 2023.
Key Points
- Job growth in July was below forecast.
- Major stock indexes fell sharply on Monday morning.
- Harris praised 'Bidenomics' in August 2023.
Pros
- Gene Sperling brings his economic expertise to Harris's policy team on her presidential campaign.
Cons
- Stocks plunged, and fears of a recession increased on the day Sperling left the White House.