. No reason US ‘will have a serious recession’ but economy should cool, Gina Raimondo says « JO LEE MAGAZINE

ABC- Following a stronger-than-expected jobs report released on Friday, the Biden administration is continuing to push back on fears of looming economic downtown while working to tame historic inflation.

“I don’t see any reason to think that we will have a serious recession,” Commerce Secretary Gina Raimondo told ABC “This Week” anchor George Stephanopoulos on Sunday when asked about the trajectory of future growth as the Federal Reserve signals further interest rate hikes to slow spending and demand.

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