WH Econ Advisor Rouse: We’ve a long way to go on the recovery

White House economic advisor Rouse speaking.

Meanwhile White House economic advisor Rouse is also speaking and says:

  • At moment, people view current spike in inflation as a transitory phenomenon
  • Inflation expectations are the purview of the Federal Reserve
  • We’ve a long way to go on economic recovery.
  • Trade team is looking at tariffs as factor in inflation
  • deficit finance expenditures were necessary given emergency from pandemic
  • raising wages would be a natural way for employers to meet staffing shortages 
  • labor market is healing currently 
  • expects vast majority of markets in regions affected by Colonial outage will receive fuel through the weekend and into next week
  • User fees for an infrastructure plan would violate Biden’s pledge not to raise taxes on those making under $400,000 a year
  • Expects Republicans counterproposal on infrastructure by Tuesday (my guess is it will be miles from the President’s proposal). 

Invest in yourself. See our forex education hub.

News

Articles You May Like

Dow Jones Industrial Average lurches higher post-NFP
Forexlive Americas FX news wrap 4Oct:US jobs report is strong. USD, yields and stocks rise
ForexLive Asia-Pacific FX news wrap: NZD/USD lower after an expected RBNZ 50bp rate cut
Fed close to pulling off the elusive economic soft landing in 2024 after great September jobs report
Modelo brewer Constellation falls despite an earnings beat. Here’s why we’re not concerned

Leave a Reply

Your email address will not be published. Required fields are marked *