Biden administration, Congress ‘going to have to face’ stagflation in the US

Recastled CEO Kosha Gada says the United States is facing “stagflation” and the Federal Reserve only has the power to impact interest rates – which cannot happen in a vacuum.

Ms Gada said the economic phenomenon came because the country was experiencing a “recession happening at the same time as inflation”.

“That is something the Biden administration and Congress is going to have to face coming into the midterms as well as in ‘24,” she told Sky News host Chris Smith.

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Written by Bourbiza Mohamed

I have 26 years of experience as a professional writer and editor and have been working as a full time freelancer since 2011. I am originally from Casablanca, Morocco, and I graduated from Qatar University with a degree in journalism. I have worked for newspapers, magazines, news agencies, websites. I speak fluent Arabic, French, English, Russian and Spanish.

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