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Biden says recession ‘not inevitable’ in rare public interview

Published

2 years ago

June 17, 2022

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.

Related Topics:biden Business covid Featured Politics trending

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Why are airlines after the Biden Administration?

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The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

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