6/21, 7:37 PM (Source: TeleTrader)
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WH: We're not seeing recession right now

White House Press Secretary Karine Jean-Pierre said on Tuesday that the US economy is not in recession but rather in a period of transition.

"Right now, we don’t see a recession," Jean-Pierre stated in response to a question on whether the Biden administration is concerned about a potential recession. "We're not in a recession right now," she added.

The White House press secretary insisted that President Joe Biden's policies helped America's recovery from the shock of the COVID-19 pandemic and noted the country is in a "moment of transition" and will go into a "place of stable and steady growth."

Baha Breaking News (BBN) / NP