Biden Approval Stagnates Despite Booming Jobs Market
- Economy continues strong job growth, creating 303,000 jobs in March, exceeding forecasts
- Strong economy not improving Biden's approval rating, stuck around 40% despite historic job creation
- Inflation coming down or Fed rate cuts could help Biden ahead of election
- But robust job market may prevent Fed from cutting rates in time to aid Biden
- Fed reluctant to cut rates close to election, risks appearing political