Economics
White House Expects Economy to ‘Largely Power Through’ Omicron
- White House economist sees inflation falling by about half
- Pandemic has challenged economic forecasting, Rouse says
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Existing vaccine protections should help the U.S. “largely power through” the emergence of the omicron coronavirus variant and avoid additional lockdowns, White House Council of Economic Advisers chairwoman Cecilia Rouse said Tuesday.
While the White House awaits more information about the variant’s transmissibility and severity -- as well as vaccine efficacy -- the country is “not in the same place we were a year ago,” Rouse said at the Wall Street Journal’s CEO Council.