President Joe Biden’s top economic adviser played down the risk of recession in a recent interview, suggesting Americans be confident during what he called a “period of transition” of COVID-19 recovery.
It comes amid growing warnings from banks and economists that the U.S. economy could be heading into recession in the next 12 to 24 months.
“Our economy is in a period of transition. We’re moving from the strongest economic recovery in modern history to what can be a period of more stable and resilient growth,” Brian Deese, director of the White House National Economic Council, told “Fox News Sunday.”…