later on, the economy starts to slow, that s when the rubber really hits the road. it s just such a delicate balancing act and as john mentioned, so much of this is about timing and getting it right and it s just unclear what s going to happen in the year ahead. with all that lack of clarity and uncertainty, still john, what does the white house do with all of this? reporter: the white house has to tout the positive aspects because the labor market is very tight. that s good for workers. they re getting pay raises and try to emphasize the belief that inflation is, in fact, transitory. i know that word has gotten out of favor, but economists expected inflation will slow down to maybe 3% later this year. if they re right, that will be good news, the best thing that can happen for inflation and the economy in general is to get control of the pandemic. if omicron shifts us from emergency pandemic to manageable
Economy
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Delicate-balancing-act
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Timing
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White-house
Uncertainty
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