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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

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