Return to office helps avert U.S. recession: Gary Cohn

Gary Cohn, vice-chairman of IBM, at the first day of the World Economic Forum (Credit: Hollie Adams—Bloomberg via Getty Images)

The steady return of people to the office may have helped spark January's surprise job boom, according to Gary Cohn, the former director of the National Economic Council under the Trump administration.

Those strong numbers, combined with cooling inflation, means that “a recession is off the table for Q1 and Q2 of this year,” Cohn, who is currently the vice-chairman of IBM, said on CBS’s Face the Nation on Sunday.