US President Joe Biden acknowledged that a recession would be avoided in the face of record inflation, and economic sanctions on Russia over the situation in Ukraine led to higher energy prices, but as US President He emphasized that it was the right decision.
US President Joe Biden said in an Associated Press interview on the 16th that the people are "deeply depressed" due to the spread of the new coronavirus and record inflation.
Regarding the outlook for the economy, which is worried about the impact of the central bank's monetary tightening to curb inflation, "a recession is inevitable. The United States is in a stronger position to overcome this inflation than any other country in the world. The reason for this is that the unemployment rate is 3.6% and the employment situation is steadily improving.
And in response to criticisms of inflation, President Biden argued, "If it's my responsibility, why is inflation higher in the rest of the world's major developed economies?"
On top of that, regarding the situation in Ukraine, he said that Russia was subject to economic sanctions despite the expected rise in energy prices, saying, "It is not important to survive politically. It is important for the country, so we did it." He emphasized that it was a correct decision.
President Biden's approval rating has fallen below 40% on average in the latest polls and has remained at its lowest level since his inauguration, with the legitimacy of economic and security policies in mind for the fall midterm elections. It seems that there is an aim to emphasize.