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Economy — Opinion — Politics

Team Biden's Attempt To Redefine Recession

American economy has contracted during the last two quarters. Now, the Biden administration is attempting to redefine 'recession' and banking on the NBER to save the November midterms.

,   and  tippinsights Editorial Board
5 min read
President Joe Biden meets with Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen
WASHINGTON, DC May 31, 2022: President Joe Biden meets with Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen to discuss the state of the American and global economy in the Oval Office at the White House on May 30, 2022. (Photo by Demetrius Freeman/The Washington Post via Getty Images)

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