downplays

White House downplays recession fears ahead of upcoming GDP report | CNN Politics

White House downplays recession fears ahead of upcoming GDP report | CNN Politics

CNN  —  President Joe Biden’s advisers are downplaying recession fears ahead of a highly anticipated report that could show the economy shrinking for a second consecutive quarter. While there is no steadfast rule governing what defines a recession in the US, it is commonly understood to be two consecutive quarters of GDP shrinking. But a …

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Treasury Sec. Janet Yellen acknowledges economic ‘slowdown’ but downplays recession fears

Treasury Sec. Janet Yellen acknowledges economic ‘slowdown’ but downplays recession fears

Kevin Mahn, president and chief investment officer of Hennion & Walsh Asset Management, notes that the yield curve remains inverted, which has happened prior to every recession in the country dating back to 1955. Treasury Secretary Janet Yellen acknowledged Sunday that the U.S. is experiencing an economic “slowdown” but downplayed the potential for a recession, …

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