Biden says he doesn't think there will be a recession, if so it will be 'very slight'

"I don't think there will be a recession. If it is, it'll be a very slight recession.

Biden told CNN's Jake Tapper in an interview that was aired Tuesday.

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In September, the U.S. central bank raised benchmark interest rates.

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Monday warned of the likelihood of a recession in six to nine months.

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Biden didn't fully discount the odds of a recession but told CNN the odds were low.

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"It's possible," Biden said. "I don't anticipate it."

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it was the Fed's third consecutive hike.

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