Biden REFUSES to admit US is in a recession

President insisted the U.S. economy is on track after the Commerce Department said Thursday that the gross domestic product shrank for a second quarter in a row, which is typically the definition of a recession.

'That doesn't sound like a recession to me,' Biden said Thursday afternoon in the State Dining Room, pointing to a 'record job market' and 'record unemployment.'

Biden noted that 'both Chairman Powell and many of the significant banking personnel and economists say we're not in a recession.'

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