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Biden Treasury Secretary: ‘Nothing To Suggest’ U.S. Will Enter Recession

Despite the U.S. GDP shrinking by 1.4% in the first quarter of 2022, Biden administration Treasury Secretary Janet Yellen says that there is “nothing to suggest” that the United States will enter a recession. “There’s nothing to suggest that there’s a recession in the works,” she said during an interview at The New York Times’

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