Treasury Secretary Janet Yellen said the economy slowing down was ‘necessary and appropriate’ for its longterm health during a Meet The Press interview
The Biden official was asked if Americans should be ‘preparing’ for a recession
It comes as the economy becomes a growing problem for Democrats heading into November’s midterm elections
President Biden also called the inflation rate too high but said the data was ‘out of date’
Yellen and Biden met with the president’s other economic advisers on Friday
