Senator Wicker says changing the definition does not take away the pain that President Biden’s economy is inflicting on Americans. The Committee went on to say that the labor market shrank in June by more than 350,000 people, and labor force participation still has not recovered to its pre-pandemic level. On NBC News’ “Meet the Press,” Treasury Secretary Janet Yellen acknowledged high inflation and slowing job growth but said the economy is not in a recession. “The labor market is now extremely strong,” Yellen said. Changing the definition of a recession does not take away the pain @POTUS’s economy is inflicting on the American people.

Source: Fox News July 25, 2022 16:48 UTC