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US is not in recession or pre-recession – White House

US is not in recession or pre-recession – White House

[html]WASHINGTON (Reuters) – The United States is not currently in a recession or in a “pre-recession,” the White House said on Wednesday as the Federal...
                              

WASHINGTON (Reuters) –     The United States is not currently in a recession or in a “pre-recession,” the White House said on Wednesday as the Federal Reserve Board raised interest rates to try to fight inflation.


White House press secretary Karine Jean-Pierre declined to co*ment on Fed monetary policy after the Fed raised rates by three quarters of a percentage point.



(Reporting by Trevor Hunnicutt and Steve Holland)


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