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Biden Adviser Says US Economy Can Withstand Fed Inflation Fight

  • Economic council head Deese says Fed needs space to do its job
  • Markets are pricing in slowdown risk, further rate hikes
Brian Deese
Brian DeesePhotographer: Al Drago/Bloomberg
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White House economic adviser Brian Deese stopped short of ruling out a US recession as the Federal Reserve combats inflation, saying the central bank needs space to do its job.