Diana Glebova
White House Correspondent
October 12, 2022 7:57 AM ET
President Joe Biden acknowledged Tuesday that there may be a “slight recession” looming, saying the U.S. economy may “move down slightly.”
CNN’s Jake Tapper asked Biden in an interview if “the American people should prepare for a recession,” given the rising gas prices and predictions from JP Morgan Chase CEO Jamie Dimon, who said in August there are economic “storm clouds” on the horizon.
“I don’t think there will be a recession, and if there is, it’ll be a slight recession, that is, we’ll move down slightly,” Biden told Tapper.
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https://dailycaller.com/2022/10/12/joe-biden-might-be-slight-recession-jake-tapper-cnn-interview/