HEAD IN SAND: ‘We Are Not In A Recession,’ White House Says

US dollar bill and binary code (Digital Composite)

At a glance

  • 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.

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