June 19, 2022

Biden administration officials on Sunday backed the president’s position that a recession is “not inevitable” as some economists and investors warn a period of economic decline is looming.

The administration is sticking to its message that the warnings of a recession underestimate the “resilience” of the U.S. economy as it emerges from a pandemic and Russia’s war on Ukraine fuels price increases across the globe.

“Not only is the recession not inevitable, but I think that a lot of people are underestimating those strengths and the resilience of the American economy. We have been through Delta and Omicron. We’ve had a war in Europe and all of the impacts that that has had and through it, the American economy has remained resilient. What we want to focus on now is taking every step we can to continue that progress,” National Economic Council Director Brian Deese said on “Fox News Sunday.” 

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