The Federal Reserve this week could again announce plans to raise rates in an effort to combat record-breaking inflation. President Biden asked about whether or not we're in a recession. CBS News White House correspondent Steven Portnoy explains the president's point of view.

<p>The Federal Reserve this week could again announce plans to raise rates in an effort to combat record-breaking inflation. President Biden asked about whether or not we're in a recession. CBS News White House correspondent Steven Portnoy explains the president's point of view.</p>

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