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Saturday, July 2, 2022

Associated Press interview: Biden says recession ‘not inevitable’

WASHINGTON ( Associated Press) – President Joe Biden told the Associated Press on Thursday that the American people are “very, very down” after two turbulent years with the coronavirus pandemic, instability in the economy and now rising prices. Gasoline prices that punish the family budget.

He assured that a recession was not inevitable and dismissed claims from Republican lawmakers that last year’s COVID-19 relief plan is solely responsible for inflation being at the highest point in the past 40 years, assuring that this The kind of argument is “extraordinary”.

As for the mindset of Americans, Biden said: “People are very down.”

“The need for mental health in the United States has skyrocketed, as people have seen everything turned upside down. Everything they count is turned upside down. But much of it is the result of what happened as a result of the COVID crisis. Is. “

During his 30-minute interview with the Associated Press in the Oval Office, Biden discussed warnings from economists that the United States could be headed for a recession.

“First of all, it’s not inevitable,” he said. “Second, we are in a better position than any other country in the world to address this inflation.”

The president said he saw reasons to be optimistic, such as the 3.6% unemployment rate and the relative strength of the United States in the world.

“Have faith, because I believe we are in a better position than any other country in the world to own the second quarter of the 21st century,” Biden said. “It’s not an exaggeration, it’s a fact.”

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
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