President Biden on Monday doubled down on his administration’s mantra that an economic recession isn’t an inevitability despite widespread fears to the contrary.
“There’s nothing inevitable about a recession,” Mr. Biden told reporters Monday during a stroll down the beach in Rehoboth Beach, Delaware.
The comments echo those of Treasury Secretary Janet L. Yellen who acknowledged during an appearance on ABC News’s “This Week” on Sunday that “inflation is unacceptably high,” but said a recession is not a foregone conclusion.
“Clearly, inflation is unacceptably high. It’s President Biden’s top priority to bring it down,” she said.