President Joe Biden, in an interview, claimed to have turned the economy around, attributing persistently high inflation to 'corporate greed' and emphasizing his administration's efforts in job creation and inflation reduction. Despite a low job approval rating and skepticism about economic management compared to Donald Trump, Biden highlighted the strong labor market and GDP growth as evidence of economic improvement. He also hinted at potential Fed rate cuts in response to economic conditions. The SPDR S&P 500 ETF Trust (SPY) saw a slight decline but has risen over 66% since Biden took office.