Beltway Confidential

Biden’s stagflation recession is here

By Tiana Lowe Doescher
Published July 28, 2022 2:12pm ET
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Biden’s stagflation recession is here
In this Feb. 20, 1978, file photo, President Jimmy Carter listens to Sen. Joseph R. Biden, D-Del., as they wait to speak at a fundraising reception at Padua Academy in Wilmington, Del.

For a week now, the Biden administration has tried to deny that we’re in a recession. His faithful foot soldiers in the media have tried to deny that we’re in a recession. Not 24 hours ago, even the ostensibly apolitical Federal Reserve Chairman Jerome Powell tried to deny that we’re in a recession. But the numbers don’t lie.

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Joe Biden Recession stagflation Washington D.C.