Biden officials downplay recession risk — despite experts’ warnings

Posted on AllSides June 20th, 2022
From The Right
AP Photo/Manuel Balce Ceneta

Top officials in the Biden administration made the rounds on the Sunday news shows to tout the strength of the economy and downplay the likelihood of a recession — an assessment at odds with that of some CEOs and economists.

Treasury Secretary Janet Yellen claimed on ABC that a recession is not inevitable, though she foresees the US economy slowing down in the months ahead.

“Well, I expect the economy to slow, it’s been growing at a very rapid rate as the economy – as the labor market has recovered and we have reached...

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New York Post (News)

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