Recession is ‘possible but not inevitable,’ Buttigieg says as he touts supply chain focus

With year-over-year inflation barely easing in the latest Consumer Price Index report despite sharp increases in interest rates meant to cool the economy, Transportation Secretary Pete Buttigieg said Sunday that a recession is “possible but not inevitable.”

Buttigieg was asked in an interview on ABC’s “This Week” if the threat of recession worried him.

“Look, it’s possible but not inevitable. … A part of why we do see a lot of pressure on prices is that while the demand has come back, Americans have more income because Americans have jobs in this almost historically low level of unemployment,” Buttigieg told anchor George Stephanopoulos, adding that it’s “been hard for the supply side to keep up.”

“That’s a big part of what we’re working on — on the infrastructure side — dealing with some of the bottlenecks we have, dealing with some of the constraints that we have in transportation infrastructure that’s needed to be upgraded for decades,” Buttigieg said, referring to a supply-chain crunch exacerbated by the COVID-19 pandemic.

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