Commerce Secretary Gina Raimondo on Sunday predicted slower economic growth as the country grapples with inflation but said that won’t necessarily mean a recession, which is marked by two straight quarters of negative economic growth.
“Inflation is our problem, and it is our top priority,” Raimondo said on ABC’s “This Week.” “And so I think (there will be) perhaps a transition to a more traditional growth level, but I don’t think we should be talking ourselves into a recession.”
She pointed to the latest jobs report as cause for optimism.
