^^^^^^^^This right here explains why Merica is in the mess we are from a political standpoint. Selfish goals and not caring about what is good for the majority.I define a recession as my personal financial situation and my 401k performance.
if both those are fine I really don’t give a rip about a label assigned to the broader economy.
No WH has ever faced the post pandemic environment we are in today. There was no blueprint. The Fed and the WH are doing what they think is right. And it's about time. The administration of the previous President only wanted cheap interest rates for reelection purposes. Pressuring the Fed to keep interest rates near zero when you had a strong economy is something that should never had been done. That's Econ Class 101.
It's refreshing to have adults in the WH.