WH Econ Advisor Rouse: We've a long way to go on the recovery
Fri 14 May 2021 17:26:21 GMT
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