Economic news
US is not in recession or pre-recession – White House
2022.07.28 11:18
White House National Security Council Strategic Communications Coordinator John Kirby joins White House Press Secretary Karine Jean-Pierre for the daily press briefing, particularly discussing a U.S.-proposed deal to bring home WNBA star Brittney Griner a
WASHINGTON (Reuters) – The United States is not currently in a recession or in a “pre-recession,” the White House said on Wednesday as the Federal Reserve Board raised interest rates to try to fight inflation.
White House press secretary Karine Jean-Pierre declined to comment on Fed monetary policy after the Fed raised rates by three quarters of a percentage point.
