Biden says recession ‘not inevitable’ in rare public interview

U.S. President Joe Biden has hope in his economy, saying a recession is ‘not inevitable’ during a rare public interview

Speaking with the Associated Press, Biden believes the American people are “really, really down” following a turbulent few years.

He says the coronavirus pandemic, a fragile economy and now the surging cost of living has all had an impact on public morale.

But when it comes to growing recession fears, the president is adamant a financial crash is ‘not inevitable’.

He also questioned the recent Republican rhetoric which blames last year’s COVID-19 aid plan for inflation reaching a 40-year high, calling this argument “bizarre.”

In the 30-minute Oval Office interview, Biden added that the U.S. is in a stronger position than any other nation in the world to overcome this economic crisis.

He sees optimism in the 3.6% unemployment rate and America’s relative strength on the global stage.