Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
National
Graig Graziosi

Biden says recession ‘not inevitable’ as Fed looks to raise interest rates to curb inflation

EPA

Joe Biden told the Associated Press that a recession is "not inevitable", as the federal government is working to increase interest rates to curb spiking inflation.

His comments come after a speech in Philadelphia in which he blasted Republicans, billionaires and Wall Street while defending his economic plans.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.