Biden sees 'no surprise' in slowdown as US economy contracts

"It's no surprise that the economy is slowing down as the Federal Reserve acts to bring down inflation," US President Joe Biden said in a statement.

Concerns about the economy have become Biden's top political focus headed into the November 8 midterm elections in the US. Picture: AP/Evan Vucci

US President Joe Biden worked on Thursday to soothe voters' angst about the state of the economy, saying it was no shock to see a slowdown after data showed the economy contracted again in the second quarter.

"It's no surprise that the economy is slowing down as the Federal Reserve acts to bring down inflation," he said in a statement.