Biden Says He Thinks US Economy Will Avoid Potential Recession
- President touts strong labor market, progress on inflation
- Biden to deliver major economic address in Chicago Wednesday
US President Joe Biden
Photographer: Nathan Howard/BloombergThis article is for subscribers only.
President Joe Biden told donors he thinks the US will avoid a potential recession that economists and banks have long been predicting.
Economists have been saying a recession is coming next month, Biden said Tuesday night during a fundraiser in the Maryland suburbs outside Washington.