On Thursday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” Commerce Secretary Gina Raimondo reacted to the second quarter GDP numbers by stating that GDP growth was going to slow, and “we’re feeling, except for inflation, which I know is tough on
“This is Joe Biden’s recession,” the Republican National Committee (RNC) said on Thursday following the negative economic report, showing the U.S. economy contracting by 0.9 percent in the second quarter.
An economic recovery is when House Democrats are “out of power,” House Republicans said on Thursday following news of the U.S economy contracting for the second consecutive quarter in 2022 as Democrats and establishment media outlets war over the definition of a recession.
House Republican Leader Kevin McCarthy (R-CA) said on Thursday that Democrats’ failed policies have led to a recession and a loss in wages, in what he called the Nancy “Pelosi Pay Cut.”
A second consecutive quarter of contraction.
On Wednesday’s broadcast of CNN’s “At This Hour,” White House Council of Economic Advisers member Jared Bernstein stated that there were “quite positive” aspects to first quarter GDP even though growth was negative and there are “some real headwinds from
Federal Reserve Chairman Jerome Powell said Wednesday that he does not believe the U.S. is currently in a recession, citing the fact that job vacancies are still above 11 million, unemployment is near record lows, and hiring has been brisk.
White House press secretary Karine Jean-Pierre was confronted during the daily briefing with a 2008 statement from Biden’s current economic adviser Brian Deese, who was at that time serving as an economic adviser to Hillary Clinton during the 2008 Democrat primary.
Better than expected data on inventories and the trade deficit was not enough to push GDPNOW into positive territory.
During an interview on MSNBC on Tuesday, Council of Economic Advisers Chair Cecilia Rouse stated that the Federal Reserve’s monetary policy “is starting to slow down the economy” and that it has “been in that gentle way that we would hope.”
On Tuesday’s broadcast of the Fox News Channel’s “Hannity,” Rep. Jim Jordan (R-OH) stated that the Biden administration is trying to redefine what a recession is and that these attempts at recession redefinition undercut the insistence from President Joe Biden
Senator Ron Johnson (R-WI) on Tuesday slammed the Biden administration for trying to change the definition of “recession” as it appears the United States could enter a recession this year.
People are increasingly unhappy with economic conditions as inflation keeps rising and a recession looks increasingly likely.
“The outlook has darkened significantly since April. The world may soon be teetering on the edge of a global recession, only two years after the last one,” the IMF’s chief economist said.
President Joe Biden responded Monday to concerns about the U.S. economy going into a recession, attempting to reassure Americans about upcoming economic numbers.
On Monday’s “CNN Newsroom,” White House Council of Economic Advisers member Heather Boushey stated that while the White House is “looking for positive growth” in GDP, the “expectations are” that GDP growth in the second quarter of 2022 will “be
GOP officials in the House and Senate ripped into the Biden administration after it attempted to redefine what constitutes a recession while concerns mount about a significant decline in economic activity this year.
We do not need permission from economic eggheads to declare this a terrible economy.
As concerns mount about a possible recession this year, White House National Economic Council director Brian Deese argued that a second consecutive quarter of negative GDP growth was technically “not a recession.”
German business confidence has fallen more than expected this month, hitting a two-year low amid worries about higher energy prices.
Treasury Secretary Janet Yellen said Sunday on NBC’s “Meet the Press” that the United States economy was not in recession.”
G.K. Chesterton once said that he owed his success to having listened respectfully to the very best advice, and then doing the exact opposite.
A worrying deterioration in the economy
The recession is calling, but it’s probably not paying its phone bill on time.
Everything is so expensive no one can afford to buy anything anymore.
Nearly 90 per cent of investors globally now expect Europe to fall into recession as the possibility of Moscow cutting off the continent from Russian gas becomes more likely.
On Tuesday’s broadcast of Bloomberg’s “Surveillance,” Moody’s Analytics Chief Economist Mark Zandi stated that while he is “a lone voice” amidst “a lot of pessimism out there” who thinks that the United States economy will manage to avoid a recession
Investors’ fears of a recession are at their highest levels since the 2020 Chinese Coronavirus pandemic as a net 58 percent of fund managers admitted to taking fewer risks than usual, a Bank of America survey revealed.
White House economic adviser Jared Bernstein pointed out that the National Bureau of Economic Research typically weighed unemployment numbers and consumer spending when considering whether to declare that a recession was underway.
Oil prices jumped on Monday, ending a modest price slump caused not by President Joe Biden’s unsuccessful effort to beg Saudi Arabia to increase production, but rather by China’s economy-crushing coronavirus lockdowns and fears of a recession.
White House economic adviser Jared Bernstein said on this week’s “Fox News Sunday” broadcast that despite record inflation, it was “very hard” to conclude we were in a recession.
It increasingly looks like it may take a recession to tame inflation—a recession that may already be underway.
Bank of America now sees a recession as likely and necessary to bring inflation back down to tolerable levels.
Commerce Secretary Gina Raimondo said Sunday on ABC’s “This Week” that she did not believe the U.S. economy was headed toward a “serious recession.”
On Friday’s “CNN Newsroom,” Labor Secretary Marty Walsh stated that the economy heading towards a recession “hasn’t come up in a conversation I’ve been in” and that he doesn’t know “what a recession will look like in pandemic times.” Co-host
On Friday’s broadcast of CNBC’s “Closing Bell,” Professor of Economics at Harvard University and former International Monetary Fund Chief Economist Ken Rogoff argued that achieving a “soft landing” where inflation comes down without a recession will be “very, very difficult”
What if we held a recession and no one lost their job?
A majority of adult Americans believe that the United States is “currently in an economic recession,” according to an Economist/YouGov poll.
Harvard University professor Kenneth Rogoff warned of the possibility of a recession in the United States and predicted that the Federal Reserve is unlikely to secure a “soft landing” for the economy.
The Federal Reserve’s campaign to rein in the worst inflation in decades will end in a recession. But so long as unemployment remains low, it’s likely inflation will remain the top worry for households even if economic growth stalls.
