NEW YORK (Reuters) - U.S. Council of Economic Advisers Chair Jared Bernstein on Wednesday said he did not "thus far" see the Israel-Gaza war as an exo.
NEW YORK (Reuters) -U.S. Council of Economic Advisers Chair Jared Bernstein said on Wednesday he did not "thus far" see the Israel-Gaza war as an exogenous shock that could derail U.S. economic growth, but noted that Washington was watching its impact on oil prices. Bernstein said he remained generally upbeat about the U.S. economy, and did not expect a possible government shutdown to result in a recession, although it was hard to be sure without knowing the length of any potential disruption. "I'd say from the tailwind perspective, we're looking at a pretty clear transition to steady and stable growth," he told the Reuters NEXT conference in New York, citing a "gangbuster" of GDP growth, low unemployment rates and real wage gains.
U.S. Council of Economic
Advisers Chair Jared Bernstein on Wednesday said he did not
thus far see the Israel-Gaza war as an exogenous shock that
could derail U.S. economic growth, but said Washington. -November 08, 2023 at 05:28 pm EST
- MarketScreener
On Monday's broadcast of CNBC's "Squawk Box," White House Council of Economic Advisers Chair Jared Bernstein stated that it's "clear we have to support" | Clips