Commerce Secretary: 'I Don't See Any Reason to Think That We Will Have a Serious Recession'
Commerce Secretary Gina Raimondo admits that inflation is a "problem," but she doesn't think we should be "talking ourselves into a recession."
She spoke to ABC's "This Week" on Sunday, four days before the Bureau of Labor Statistics releases its Consumer Price Index for June 2022. The last two reports, for April and May, showed year-to-year inflation roaring ahead at 8.5 percent and 8.6 percent, respectively.
"So let me say this: the economy, in the past year, year-and-a-half, has been growing at unprecedently high rates, 5, 6 percent," Raimondo said:...