Commerce Secretary Gina Raimondo said Sunday that the U.S. economy is strong and rebutted talks of an impending recession while acknowledging inflation is hitting Americans hard.
“The economy’s strong. Customers are buying. Businesses are strong. People are adding jobs,” Ms. Raimondo said on NBC’s “Meet The Press,” quoting an unnamed CEO who she recently spoke with. “He said, ‘We’re trying to talk ourselves into a recession.’ And I agree with that, you know? I think fundamentally, the economy’s strong. But if you go to the grocery store every day, getting ready for that summer picnic, and prices are high, people feel frustrated.