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Biden does not consider a recession in the United States inevitable

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US President Joe Biden is confident that the country will be able to cope with rising inflation. In an interview with AP, he said that he did not consider a recession in the US inevitable. Secondly, we are in a better position than any other country in the world to overcome this inflation,” he is sure. Mr. Biden did not take responsibility for rising prices in the country. “If this is my fault, then why is inflation higher in any other large industrial country? Have you asked this question? I’m not trying to be smart,” he said. In May, US inflation accelerated to its highest since December 1981, from 8.3% to 8.6%. US Treasury Secretary Janet Yellen called the rise in prices in the country unacceptable. Mr. Biden believes that the rise in the price of oil, gasoline and products is due to the support of Ukraine. The Federal Reserve System (FRS) of the United States this week raised its forecast for price growth in 2022 from 4.3% to 5.2%. About the situation in the United States – in the material “Kommersant” “Joe Biden knee-deep prices.” More… .

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