Brian Deese: Where We Are in the Economy Right Now Is in a ‘Transition’
DEESE: "Well, I think what — where we are in the economy right now is in a transition. And I spoke to CEOs this — over the course of the past week from sectors across the economy, and they're figuring out how to navigate this transition. Some of this is exactly what we need to see — "
BRENNAN: "They're planning around a recession."
DEESE: "Well, they're planning around transitions in our economy. People are buying less goods, spending time at home. They're spending more on services. That creates some real challenges for some companies and some CEOs. What I would say is that not only is the recession not inevitable, but I think that a lot of people are underestimating those strengths and the resilience of the American economy."