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

The 2-10 year yield rises to -27.3 basis points. A close here will be highest since Jan 29
Samsung shares hit over 3-year high after better-than-expected guidance on strong AI demand
Silver likely to touch Rs 1,25,000 over next few months: Motilal Oswal
Pound Gains on Hawkish BoE Remarks; Euro Regains Lost Ground
Japan finance minister Suzuki says fiscal discipline important

Leave a Reply

Your email address will not be published.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