US is not in recession or pre-recession — White House

White House National Security Council Strategic Communications Coordinator John Kirby joins White House Press Secretary Karine Jean-Pierre for the daily press briefing, particularly discussing a U.S.-proposed deal to bring home WNBA star Brittney Griner and former U.S. Marine Paul Whelan, at the White House in Washington, U.S. July 27, 2022. REUTERS/Jonathan Ernst

WASHINGTON — The United States is not currently in a recession or in a “pre-recession,” the White House said on Wednesday as the Federal Reserve Board raised interest rates to try to fight inflation.

White House press secretary Karine Jean-Pierre declined to comment on Fed monetary policy after the Fed raised rates by three quarters of a percentage point.

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