President Joe Biden has said high inflation is not his fault and that a recession is not inevitable, in a new interview he gave to the Associated Press (AP) and which was published on Friday.
Biden reportedly became somewhat defensive when asked about inflation, which stood at an annualized rate of 8.6 percent in May, and is now at a 40-year high after dropping slightly in April.
The president pointed to the fact that other countries are also experiencing inflation (although the U.S. annualized rate is one of the highest in the world), and he also touted low unemployment figures.
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