A recession is “not inevitable,” President Biden tells AP in an exclusive interview. Biden acknowledged Americans’ frustrations after a tumultuous two years of COVID and volatility in the economy, saying, “People are really, really down.” https://t.co/zo1Ntf77BM
— The Associated Press (@AP) June 16, 2022
* Biden sat down with the AP, following a Feb. interview with NBC
* He said Americans were 'really, really down' * Said the need for mental health in the country has 'skyrocketed'
* Comes amid his own low approval ratings and fears of a recession amid high inflation
* The Fed board of governors raised rates by 75 basis points this week
* He cited 3.6% unemployment rate as reason for optimism
President Joe Biden said Americans are 'really, really down' amid record inflation and the fallout from the coronavirus pandemic – but said a recession is 'not inevitable.'
He made the comments in a 30-minute sit down interview – his first formal sit-down since February, when he spoke to NBC and called interviewer Lester Holt a 'wise guy' over his inflation comments.
This time, he said a recession is not inevitable and bristled at claims by Republican lawmakers that last year's COVID-19 aid plan was fully to blame for inflation reaching a 40-year high, calling that argument 'bizarre.'
Read more ....
Update: AP Interview: Biden says a recession is ‘not inevitable’ (AP)
WNU Editor: These were easy questions. The transcript of this exclusive AP Oval Office interview with US President Biden is here .... Transcript of AP interview with President Joe Biden (AP).
No comments:
Post a Comment