The US has entered a recession, New York Mayor Eric Adams said on Thursday, contradicting earlier claims by President Joe Biden that the economy is “on the right path.”

“We are in a financial crisis like you can never imagine… Wall Street is collapsing; we are in a recession,” Adams said at a New York event hosted by nonprofit Project Hospitality, as cited by Hamodia news outlet.

“You tell me what to take off the plate if you want me to put something else on the plate. I’m coming to you as a city and saying, ‘This is how much we have, that’s it,” he proclaimed.

The popular Jewish Outlet Hamodia noted Adams softly walked the remarks back:

Asked whether we are in a recession, Adams replied, “The president will make a determination on the official title of where we are; that’s the President, and I follow the lead of the president. We’re dealing with tough economic times, but we’re going to get through it, because I trust in the president.”