Biden says recession is not inevitable but acknowledges economic pain: 'This is going to be a haul'

President Joe Biden said Monday he believes a recession in the US is not inevitable but acknowledged the economic pain that Americans are feeling amid high inflation, supply chain shortages and the geopolitical earthquake caused by Russia's invasion of Ukraine.

The President argued the US has made "significant progress" in its recovery from the coronavirus pandemic, which he said has put America in a better position than other countries around the globe struggling with the same issues. But he predicted it would take time to fully recover, saying, "This is going to be a...