Biden Says US Recession Avoidable After Call With Ex-Treasury Secretary
June 20, 2022
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0:56Now PlayingBiden Says US Recession Avoidable After Call With Ex-Treasury Secretary
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as posted by the channelPresident Joe Biden reiterated that a US recession isn’t “inevitable” following a conversation with former Treasury Secretary Lawrence Summers, who sees a significant chance the country will find itself battling stagflation.
“I was talking to Larry Summers this morning, and there’s nothing inevitable about a recession,” Biden told reporters Monday at Rehoboth Beach, Delaware. “I think we’re going to be able to get a change in Medicare and a reduction in the cost of insulin.”
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