US in better position than any other nation to deal with inflation: Biden

At the same time, Biden acknowledged that Americans are "really, really down" on the state of the country

Joe Biden. Photo: Bloomberg

Joe Biden. Photo: Bloomberg

Justin Sink and Josh Wingrove | Bloomberg
President Joe Biden said a US recession isn’t inevitable and acknowledged that aides warned him about the inflationary risk of his flagship relief bill, while insisting that he won’t soften his stance on Russia even if it costs him re-election.

The comments, made in a sit-down interview with the Associated Press, shed new light on Biden’s moves to curb inflation running at 40-year highs in the US and across much of the developed world, imperiling Democrats’ chances of holding Congress and his odds of winning re-election if he seeks a second term.

He said he was told by Treasury Secretary

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 17 2022 | 11:29 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to