President’s Head In The Sand: Calls Recession Chance ‘Slight’

  • 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.