Biden did not call a US recession inevitable

He commented on economists' claims that the US could face a recession.

"First of all, it's not inevitable," Biden said.

Also, the American president said that the US is in a stronger position compared to other countries to overcome inflation.

Earlier, the head of JP Morgan, Jamie Dimon, warned of a coming economic "hurricane" in the United States.

Before that, White House chief economic adviser Brian Deese did not rule out the risk of a recession in the United States.