Biden says we’re ‘on the right path’ after economy shrinks for second straight quarter
President Joe Biden insisted the country is “on the right path” on Thursday even after the economy shrank for the second straight quarter and inflation rages at a nearly 40-year high.
Taking credit for record job growth, Biden said the slowing economy was actually a sign of a healthy cooling down after the postpandemic boom that helped trigger global price increases.
“It’s no surprise that the…