National Economic Council Director Brian Deese said Sunday that the high inflation rates across the country are a result of the economy’s “period of transition” in recovering from the pandemic.
“We’re moving from the strongest economic recovery in modern history to what can be a period of more stable and resilient growth”, he said on “Fox News Sunday”.
And although talk of a recession gained traction in recent weeks, Deese said that Americans hit with higher costs — at the pump or at the grocery store or elsewhere — should “take confidence that [the U.S. is] better positioned than any other country to navigate through this and keep our recovery going”.
Ongoing inflation — the highest America has seen since the 1980s — has not only hit many American consumers hard but also put a damper on the political fortunes of President Joe Biden, whom some have portrayed as tone-deaf on economic issues....
English (US) ·