Biden after meeting Summers this morning:
“No, I don’t think it is,” Biden said when asked if a recession is more likely than ever. “I was talking to Larry Summers this morning and there’s nothing inevitable about a recession.”
:yea:
How will more unemployed people reduce fuel and grain costs that are inflated because of the war in ukraine? It’s like hes parroting a misunderstood fed quote. The feds don’t even want to increase unemployment but rather reduce labor demand which is an entirely different thing.