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.
