White House chief of staff Ron Klain on Thursday said that the U.S. is not in a recession and argued that the economy is strong following the Federal Reserve’s decision to again hike interest rates.
“We are not in a recession. I want to be really, really clear on that,” Klain told MSNBC when asked what the White House is doing to prepare for a possible recession.
He noted that the U.S. is seeing a 50-year low on unemployment overall and an all-time low on Hispanic unemployment, and that more jobs have been created under the two years of President Biden’s administration “than any administration in history.”
“The economy is growing, it is strong, it is creating jobs,” he said.