Biden Says Recession Can Be Avoided as US Takes On Inflation

President Joe Biden said a US recession isn’t inevitable and acknowledged that aides warned him about the inflationary risk of his flagship relief bill, while insisting that he won’t soften his stance on Russia even if it costs him re-election.

The comments, made in a sit-down interview with the Associated Press, shed new light on Biden’s moves to curb inflation running at 40-year highs in the US and across much of the developed world, imperiling Democrats’ chances of holding Congress and his odds of winning re-election if he seeks a second term.

He said he was told by Treasury ...