US is not in recession or pre-recession – White House

FAN Editor

WASHINGTON (Reuters) – The United States is not currently in a recession or in a “pre-recession,” the White House said on Wednesday as the Federal Reserve Board raised interest rates to try to fight inflation.

White House press secretary Karine Jean-Pierre declined to comment on Fed monetary policy after the Fed raised rates by three quarters of a percentage point.

(Reporting by Trevor Hunnicutt and Steve Holland)


Free America Network Articles

Leave a Reply

Next Post

Meta lost $2.8 billion on its virtual reality ambitions during Q2

Mark Zuckerberg, CEO of Facebook, speaks during the virtual Facebook Connect event, where the company announced its rebranding as Meta, in New York on Oct. 28, 2021. Michael Nagle | Bloomberg | Getty Images Facebook parent Meta lost $2.81 billion on $452 million in revenue from its virtual reality division, […]