July 1, 2022

White House economic advisor refuses to rule out coming recession

White House National Economic Council Director Brian Deese refused to rule out a coming recession during a Sunday interview.

Deese shared the concerning remarks during comments with CNN’s Dana Bash on “State of the Union.”

“There are always risks,” Deese admitted. “Our economy is in a transition from what has been the strongest recovery in modern American history to what can be a period of more stable and resilient growth that works better for families.

“There’s no doubt we face serious global challenges, inflation first and foremost among them, and it’s hitting families hard. But there’s also no doubt that the United States is in a better position than any other major country around the world to address inflation without giving up all the economic gains that we’ve had.”

“Bank of America, Deutsche Bank, Wells Fargo and Goldman Sachs are among the most notable firms forecasting the possibility of a downturn within the next two years, as the U.S. central bank moves to aggressively tighten monetary policy in order to cool consumer demand and bring inflation back down to its 2% target,” Fox Business added.

The recession may be uncertain regarding its timing, but it appears one is coming soon as the Biden administration’s woes continue.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
3 1 vote
Article Rating
simple-ad

This is a demo advert, you can use simple text, HTML image or any Ad Service JavaScript code. If you're inserting HTML or JS code make sure editor is switched to 'Text' mode.

Subscribe
Notify of
2 Comments
Inline Feedbacks
View all comments

Eva Yopp (@guest_1287702)
1 month ago

Cash making job for evey american to earn and work online. earns more than $15k every month with this home based job.bvg i made $18521 from this job in my spare time afte my college. easy to do job and its regular income are awesome. no skills needed to do this job all you need to know is how to copy and paste stuff online.
 Open This Website >>>>>>>>>> 𝗪𝘄𝘄.𝗡𝗲𝘁𝗖𝗮𝘀𝗵𝟭.𝗖𝗼𝗺

cozycalico (@guest_1287718)
1 month ago

We could avoid it if we got Biden/Kamala out and Trump back in his rightful place.

OUR TWEETS

PRESIDENT'S TWEETS

Sign Up For The Daily Newsletter

SYNDICATED NEWS

2
0
Would love your thoughts, please comment.x
()
x