Biden talks about the state of the US economic system

(Biden is expected to start speaking at 2:15 p.m. ET. Please refresh the webpage if the video above is not playing at this time.)

President Joe Biden will remark on the U.S. economy on Thursday and meet with a small team of CEOs to “receive an update on economic conditions in key sectors and industries,” according to the White House.

Two executives have to wait in particular: Corning CEO Wendell Weeks and Marriott International CEO Anthony Capuano.

Three other business leaders will register for the meeting via video: Bank of American CEO Brian Moynihan, Thasunda Brown Duckett, who heads the big retirement fund TIAA, and Punit Renjen, the chief executive. from Deloitte.

Several leaders may also be on the game: 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 as the Biden White House tries very hard to persuade Americans that the US economy is not sliding straight into a recession.

As more and more financial news emerges that causes a slowdown, Biden goes on the offensive to assert that the US economy is sound.

Earlier in the day on Thursday, Biden addressed the issue of a recession by pointing to the low unemployment rate and strong expansion in job production over the past few years.

“It doesn’t look like a recession to me,” he said in a temporary speech from the White House.