Pete Buttigieg says recession is 'possible but not inevitable,' adding the Biden administration is working on expanding production capacity in the U.S.
said recession is"possible but not inevitable," in an interview with ABC's George Stephanopoulos Sunday."Look, it's possible but not inevitable," Buttigieg said."And we're doing everything we can to strengthen the foundations of the American economy." And that means a lot on the supply side."U.S. Secretary of Transportation Pete Buttigieg speaks during the UN Climate Change Conference , in Glasgow, Scotland, Britain, November 10, 2021.
The jobs report raised concerns, however, that the Federal Reserve had a ways to go to fight inflation. in the next six to nine months. "I don't think there will be a recession," Biden added."If it is, it will be a slight recession — that is, we'll move down slightly." "If Republicans in Congress get their way, prices will go up and inflation will get worse," Biden tweeted Sunday."It’s that simple."$739 billion Inflation Reduction Act
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