Rocked by fears of inflation and recession, White House tries to hold steady

The question of whether the economy is heading into a recession is partly academic, since there is no consensus about exactly when that line has been crossed. “This would be what I call a ‘soft recession,’” says Stephen Moore, a former top Trump administration economist currently at the Heritage Foundation. In a telephone interview with Yahoo News, Moore rejected the harshly anti-Biden narrative proffered by some other concerns, even as he faulted the White House for not doing enough to stop inflation.

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