US President: US Economy Strong As Hell...Concerned About Rest Of The World.'

According to President Biden, the US economy can withstand any crisis. Biden downplayed the impact of the US strong dollar policy on the global economy, saying weak economies elsewhere are impeding growth.

Biden's latest statement contrasted with his comment in a CNN interview this week that allowed for the possibility of a US recession, though he said: "If it is, it'll be a very slight recession."

On Saturday, he reiterated the administration's insistence that inflation "is worldwide."

The problem is the lack of economic growth and sound policy in other countries," Biden said.

The dollar spot index has gained as much as 19.5% against a basket of other major world currencies since January, stoked by the Fed's series of rate hikes to combat the fastest US inflation in four decades.

Notably, Biden called embattled British PM Liz Truss' abandoned tax cut plan a 'mistake' on Saturday. He also stated that other nations' fiscal policies may hurt the US amid "worldwide inflation."

"I wasn't the only one that thought it was a mistake," Biden added, "I disagree with the policy, but that's up to Great Britain."

Separately, Biden on Saturday described Pakistan as "one of the most dangerous nations" in the world.