Biden Says He Thinks US Economy Will Avoid Potential Recession
June 28, 2023
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1:00Now PlayingBiden Says He Thinks US Economy Will Avoid Potential Recession
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as posted by the channelPresident Joe Biden told donors he thinks the US will avoid a potential recession that economists and banks have long been predicting.
Economists have been saying a recession is coming next month, Biden said Tuesday night during a fundraiser in the Maryland suburbs outside Washington.
“It’s been coming for 11 months, well guess what? I don’t think it is going to come,” he added, citing a still strong labor market and his efforts to tamp down on inflation.
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