Fox News contributor Brian Brenberg argues the economy needs the Biden administration to 'quit talking about spending money and quit talking about tax increases.'
Moynihan said in the interview that Biden’s attempts to argue that the U.S. was not technically in a recession was not helpful.
Fox News contributor and The King's College economics professor Brian Brenberg said the Biden administration needs to"just accept" Americans feel like they're in a recession on"Varney & Co." Thursday, August 18, 2022. "Recession is a word. Whether we are in a recession or not is really not the important thing. It’s what it feels like for the people going through this," Moynihan said.won’t give markets the "shock" they need.
"The problem here is supply. We still don't have enough people in the labor market. We're still not producing enough," Brenberg explained. "You can cut demand all you want, but if you've got an administration that's raising taxes in the middle of a recession, you're not going to get where you need to be."
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