Biden says we’re ‘on the right path’ after economy shrinks for second straight quarter

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New York Daily News

President Joe Biden insisted the country is “on the right path” on Thursday even after the economy shrank for the second straight quarter and inflation rages at a nearly 40-year high. Taking credit for record job growth, Biden said the slowing economy was actually a sign of a healthy cooling down after the postpandemic boom that helped trigger global price increases. “It’s no surprise that the economy is slowing down as the Federal Reserve acts to bring down inflation,” Biden said in a statement. “But even as we face historic global challenges, we are on the right path and we will come through…

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