Inflation caused by pandemic, not Biden policies, says White House adviser




  • In US
  • 2021-11-14 14:26:36Z
  • By Reuters
 

WASHINGTON (Reuters) -White House economic adviser Brian Deese said on Sunday that rising prices are a global issue stemming from the coronavirus pandemic and not a result of the policies of President Joe Biden.

Biden and his top economic advisers, including Deese, have for months predicted that inflation would be a short-term problem.

Asked on CNN's "State of the Union" if they were wrong, Deese said, "No, I don't think so. I think that what we have said consistently is that the pandemic and the economy are interlinked."

Deese defended Biden administration policies on several Sunday television news shows after U.S. consumer prices accelerated in October as Americans paid more for gasoline and food, leading to the biggest annual gain in 31 years amid snarled global supply chains.

"There's no doubt inflation is high right now. It's affecting Americans' pocketbooks. It's affecting their outlook," he said on NBC's "Meet the Press."

"But it's important that we put this in context. When the president took office, we were facing an all-out economic crisis."

(Reporting by Doina Chiacu; Editing by Lisa Shumaker and Andrea Ricci)

COMMENTS

More Related News

White House ramping up quick selection process for Breyer replacement
White House ramping up quick selection process for Breyer replacement

President Joe Biden, who learned of the justice's retirement in the middle of last week, is expected to put forward a nominee relatively soon, people...

Breyer retirement lays groundwork for historic nomination of first Black woman to Supreme Court
Breyer retirement lays groundwork for historic nomination of first Black woman to Supreme Court

Joe Biden raised the idea of naming a Black woman to the Supreme Court in 2020. Justice Breyer's retirement has given the president an opportunity.

Potential Biden Supreme Court pick Leondra Kruger known as moderate in California
Potential Biden Supreme Court pick Leondra Kruger known as moderate in California
  • US
  • 2022-01-26 21:11:06Z

Before she turned to law and became one of the youngest justices ever appointed to the California Supreme Court, Leondra Kruger had journalism in her blood...

Biden almost forgot to announce his promise to appoint a Black woman to the Supreme Court during a primary debate, book claims
Biden almost forgot to announce his promise to appoint a Black woman to the Supreme Court during a primary debate, book claims

President Biden nearly forgot to make his now-famous vow during a Democratic presidential debate.

Former public defender Jackson among possible Biden Supreme Court picks
Former public defender Jackson among possible Biden Supreme Court picks
  • US
  • 2022-01-26 20:55:20Z

Ketanji Brown Jackson, a federal judge seen as a potential U.S. Supreme Court nominee for President Joe Biden, could make history as the first Black woman...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: US