Commerce Secretary Gina Raimondo is broadcasting in public what she hears in private from top CEOs: The economy can avoid a recession.
After defying political expectations in 2022, team Biden is taking a victory lap on the economy — and wants to drown out any recessionary chatter in 2023.What they're saying:
“By and large, people are reasonably optimistic,” Raimondo told Axios in an interview. "I talk to CEOs every week, across industries, across sizes ... little, big industrials, retail, banks.” “I talk to airline CEOs, and they will say: If I just did my business every day — and didn't read the newspaper — I would never be using the word 'recession.'"
"No one's gearing up for a bad year. And some people, depending on what they sell, are gearing up for a great year," she said.
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