Biden economic adviser says Build Back Better is 'smart economic policy right now'

CNBC host Joe Kernen asked if she wason boardwith the administration’s original claims that inflation was transitory.

The question of transitory was and is that it was related to the pandemic as opposed to a kind of inflation in which we have anchored expectations, and we have really entrenched inflation,” 그녀가 말했다, adding that she believed inflation would come down as the country returns to economic normalcy.

President Biden told reporters on Monday that there was nothing inevitable about a recession.

INFLATION TIMELINE: MAPPING THE BIDEN ADMIN’S RESPONSE TO RAPID PRICE GROWTH

Now you sound like a Republican politician, I’m joking, that was a joke, that was a joke,” Biden said to a reporter who asked about economists predicting a recession. “But all kidding aside, no I don’t think it is. I was talking to Larry Summers this morning, there’s nothing inevitable about a recession.

President Joe Biden speaks about the economy in the State Dinning Room of the White House, 금요일, 2 월. 5, 2021, 워싱턴. (AP 사진 / Alex Brandon)

President Joe Biden speaks about the economy in the State Dinning Room of the White House, 금요일, 2 월. 5, 2021, 워싱턴. (AP 사진 / Alex Brandon)

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