jacking up interest rates, raising bar owing costs. on thursday our first look at u.s. economic growth for the second quarter, another decline in gdp is expected. of course, two quarters of a loss in a row is a sign of a recession, so are we head there had? here is the treasury secretary. the labor market is now extremely strong. we are in a period of transition in which growth is slowly. we re likely to see some slowing of job creation, but i do i don t think that that s a recession. a recession is broad-based weakness in the economy. we re not seeing that now. we re not seeing that now, but here is this from someone who used to have that job, the former treasury secretary larry somers. i think there is a very high likelihood of recession when we ve been in in kind of situation before. recession has essentially always followed when inflation has been high and unemployment has been low. soft landings represent a kind of triumph of hope over experience, i think we re v
has persistent symptoms, obviously if any of them interfere with his ability to carry out his duties, we will we will disclose that early enough and with the american people. the white house says president biden has continued to work virtually since that covid-19 diagnosis. he won t physically return to work of course until he tests negative. coming up, donald trump s favorite newspaper dumps him. will it make a difference? plus evacuations ordered after a volcano erupts. and russian missiles strike a ukrainian port city just hours after the two nations signed an export treaty. people who are a e intense about hydration. neutrogena® hydro boost lightweight. frfragrance-free. 48 hour hydration. for that heaealthy skin glow. neutrogena®. for people w with skin. so we need something super discsctintive. dad s work, meet daughter s playtime. wait till you hear this thankfully, meta portal helps reduce bacround noise. zero lace model. and pans and zooms to keep you in frame