The Biden Administration is confirming the worst fears of many and giving little hope that there is a light at the end of the tunnel.
Janet Yellen, treasury a secretary says that she expects the economy to “slow” during a Sunday interview.
George Stephanopoulos quoted the Wall Street Journal, their prediction estimates that there is a 44% chance of a recession by the end of the year.
“Well, I expect the economy to slow. It’s been growing at a very rapid rate as the labor market has recovered, and we’ve reached full employment, it’s natural now that we expect to transition to steady and stable growth. But I don’t think a recession is at all inevitable.” Yellen said.
Despite Biden’s continuous failures and economic destruction Yellen stands by the President and defends him. “Clearly Inflation is unacceptably high, it’s President Biden’s top Priority to bring it down,” she said.