• 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.

Tagged: #Bidenflation