Biden says ‘we’re not anywhere near a recession’ right now
2022.11.09 17:39
© Reuters. U.S. President Joe Biden pauses as he discusses the 2022 U.S. midterm election results during a news conference in the State Dining Room at the White House in Washington, U.S., November 9, 2022. REUTERS/Tom Brenner
WASHINGTON (Reuters) – U.S. President Joe Biden on Wednesday said he believed the U.S. economy would have a soft landing and avert recession.
Biden told a news conference at the White House that he was also confident his administration could reduce inflation, but could not guarantee it.
“I am optimistic because we continue to grow, and at a rational pace. We’re not anywhere near a recession right now, in terms of the growth, but I think we can have what most economists call a soft landing,” Biden said.
