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

National Economic Council Director Brian Deese outlined some of the steps in the White House’s playbook to tackle inflation. | Anna Moneymaker/Getty Images

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

→ Continue reading at Politico