Wall Street

Commerce secretary: Let’s not be ‘talking ourselves’ into recession

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New York Daily News

Commerce Secretary Gina Raimondo on Sunday predicted slower economic growth as the country grapples with inflation but said that won’t necessarily mean a recession, which is marked by two straight quarters of negative economic growth. “Inflation is our problem, and it is our top priority,” Raimondo said on ABC’s “This Week.” “And so I think (there will be) perhaps a transition to a more traditional growth level, but I don’t think we should be talking ourselves into a recession.” She pointed to the latest jobs report as cause for optimism. “We recovered all the jobs since the pandemic. People’s…

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