How recessions haunted three presidents, and how two others recovered ...Middle East

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How recessions haunted three presidents, and how two others recovered
New economic data is due Thursday, and it may show negative gross domestic product (GDP) growth for the second consecutive quarter. Two such quarters are usually seen as indicating a recession. But President Biden and other senior figures, including Treasury Secretary Janet Yellen, are arguing that the current situation is different for several reasons, prime among them the strong job market. Biden has every reason to avoid having the word “recession” pinned on a first term that has already been marred by elevated gas prices and the highest inflation in decades. On Wednesday, the Federal Reserve sought to combat inflation by raising its benchmark interest rate by three-quarters of

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