President Joe Biden on Friday brushed off economic warnings from Tesla CEO Elon Musk and JPMorgan Chase CEO Jamie Dimon as he touted May's jobs report, saying the nation is likely to see more moderate gains as his administration struggles to get a handle on high inflation.The President argued the nation is entering a new phase of "stable, steady growth" amid its recovery from the coronavirus pandemic as he touted Friday's jobs report that showed the US added 390,000 jobs in May and the unemployment rate stayed at 3.6 per cent.Biden pointed to new investments and jobs added from Ford, Chrysler and Intel when asked about Musk's recent comments that he has a "super bad feeling" about the economy and wants to cut about 10 per cent of jobs at Tesla and Dimon's warning that the economy is headed for a "hurricane."
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