The White House has refused to acknowledge a recession despite a slew of business leaders saying it is on the way, and Trish Regan is explaining it all on her podcast.
“The White House says, it’s not a recession. It’s just a transition,” Trish Regan said on her podcast. “How do you like that for semantics?”
The White House messaging comes amid soaring inflation, Fed rate hikes, plummeting mortgage demand, and gas prices near $5 per gallon.
“As we deal with this ‘transition’ we are at a bit of a disadvantage because of where gas prices are today…” Trish Regan said.
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