(Biden is scheduled to start speaking at 2:15 p.m. ET. Please refresh the page if the video above doesn’t play at the moment.)
President Joe Biden will deliver remarks on the U.S. economy Thursday and meet with a small group of CEOs to “receive an update on economic conditions across key sectors and industries,” in response to the White House.
Two chief executives are scheduled to attend in person: Corning CEO Wendell Weeks and Marriott International CEO Anthony Capuano.
Three other corporate leaders will join the meeting by video call: Bank of American CEO Brian Moynihan, Thasunda Brown Duckett, who leads the retirement fund giant TIAA, and Punit Renjen, the chief executive of Deloitte.
Several administration officials will even be on the event: Treasury Secretary Janet Yellen, Commerce Secretary Gina Raimondo, National Economic Council Director Brian Deese and Cecelia Rouse, chair of the White House Council of Economic Advisers.
The meeting comes because the Biden White Home is trying very hard to persuade Americans that the U.S. economy just isn’t sliding right into a recession.
As increasingly more economic data emerges that points to a slowdown, Biden is occurring the offensive to argue that the U.S. economy is healthy.
Earlier within the day Thursday, Biden addressed the query of a recession by pointing to the low unemployment rate and the strong growth of producing jobs over the past few years.
“That does not sound like a recession to me,” he said in a temporary speech on the White House.