CNN — President Joe Biden told CNN’s Jake Tapper on Tuesday that the prospect of a “slight recession” is possible but that he doesn’t anticipate it – even as experts are sounding the alarm about the future of the American and global economies.
“I don’t think there will be a recession. If it is, it will be a very slight recession. That is we’ll move down slightly,” Biden told Tapper in his first exclusive interview with CNN since taking office, adding later, “It is possible. Look, it’s possible. I don’t anticipate it.”
Investors, economists and banks, however, are all warning that the US is likely to enter a recession in the coming months.
R&I – FS
RandyMarsh
Article URL : https://www.cnn.com/2022/10/11/politics/recession-joe-biden-cnntv/index.html