US is not in recession or pre-recession-White House
America - now a nation more divided than ever, with ill-informed citizens storming the capitol hill - does not appear fit to be a global leader. PHOTO: 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.
Keep updated, follow The Business Standard's Google news channel
