Biden: US Economic Recession Not Inevitable But Recovery Will Be a ‘Haul’

May 24, 2022 | EARNINGS

The US economy is experiencing a major challenge: the country has mostly recovered from its COVID-19 outbreak, but rapid price increases are threatening to reverse that success. Inflation in the US is at its highest level since the early 1980s, and the Federal Reserve has responded with sharp interest rate hikes.

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