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Biden says 'we're not going to be in a recession' ahead of GDP numbers: 'God willing'
White House tries to redefine a recession
Kevin Mahn, president and chief investment officer of Hennion & Walsh asset management, and Baird investment strategy analyst Ross Mayfield weigh in and discuss whether they believe the U.S. is in a recession on ‘Mornings with Maria.’
President Biden on Monday said, "God willing," the United States is "not coming into recession," ahead of the upcoming report that could show another negative GDP quarter.
Biden, who is recovering from COVID-19, took questions virtually from reporters on Monday.
The president was asked how worried Americans should be about a looming recession, as the Biden administration waits for the GDP report amid recession fears.
"We're not coming into recession, in my view," Biden said Monday, saying that the unemployment rate "is still the lowest we’ve had in history to the 3.6 area."
WHITE HOUSE SAYS A SECOND CONSECUTIVE QUARTER OF NEGATIVE GDP 'UNLIKELY' TO BE INDICATIVE OF RECESSION
"We still find ourselves with people investing," Biden said. "My hope is we go from this rapid growth to a steady growth, and so we'll see — we’ll see some coming down."
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