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U.S. economy is in a ‘period of transition,' White House economic adviser says

1 month ago   |   By Politico

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 better positioned than any other country to...
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