President Biden Insists US Recession Is Not Inevitable — Treasury Secretary Yellen Concurs – Bitcoin News

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President Joe Biden and Treasury Secretary Janet Yellen say that a U.S. recession is not inevitable. inflation

President Biden Insists US Recession Is Not Inevitable — Treasury Secretary Yellen Concurs

Asking Biden about a potential recession, a reporter said, “Economists are saying that a recession is more likely than ever.” Biden referenced the conversation he claimed to have had with former Treasury Secretary Lawrence Summers, who said on NBC Sunday: “My best guess is a recession is ahead.” This was not the first time Biden dismissed concerns that a U.S. recession is coming. In an interview with the Associated Press after the Federal Reserve announced the biggest rate hike since 1994 last week, he opined:

 

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They know this shit runs in cycles right? Or that they've been ramping up inflation, which in and of itself is a self ramping model? I'm not saying crypto is the answer, you'd be native in thinking it would be so simple. But no recession? Now you're just dreaming.

It’s not inevitable, that makes it sound like it would happen regardless of efforts, one way or another, from the Whitehouse. A recession will happen and the Whitehouse is absolutely to blame. That’s the headline.

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oh, I thought it was a publicity for a hospice

Well, this is a lie haha.

Like inflation was transitory

😑

Bear signal

I don’t understand nothing in that

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