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President Joe Biden speaks during an interview with the Associated Press in the Oval Office of the White House, Thursday, June 16, 2022, in Washington. (AP Photo/Evan Vucci)

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AP Interview: Biden says a recession is 'not inevitable'
June 16, 2022 3 p.m.

AP Interview: Biden says a recession is 'not inevitable'

President Joe Biden said Thursday the American people are "really, really down" after a tumultuous two years with the coronavirus pandemic, volatility in the economy and now surging gasoline prices that are slamming family budgets. But he stressed that a recession was "not inevitable" and held out hope of giving the country a greater sense of confidence.