White House Economic Adviser Plays Down Recession, Says Economy in ‘Period of Transition’

White House National Economic Council Director Brian Deese talks to reporters during a daily news conference in Washington on Dec. 9, 2021. Chip Somodevilla/Getty Images

President Joe Biden’s top economic adviser played down the risk of recession in a recent interview, suggesting Americans be confident during what he called a “period of transition” of COVID-19 recovery.

It comes amid growing warnings from banks and economists that the U.S. economy could be heading into recession in the next 12 to 24 months.