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Biden says he doesn’t expect U.S. recession, but if there is one it will be ‘very slight’

biden says he doesnt expect us recession but if there is one it will be very slight

President Joe Biden told CNN in an interview that aired late Tuesday that he didn’t expect a recession for the U.S. economy, after he was asked if Americans should prepare for one. “I don’t think there will be a recession. If it is, it will be a very slight recession,” Biden said. “Look, it’s possible. I don’t anticipate it.” Senior Federal Reserve officials have been clinging to the hope they can stamp out high inflation without triggering an economic meltdown, but Wall Street SPX, +0.18% forecasters are increasingly gloomy.

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