White House’s Rouse Says Fed Inflation Push Starting to Work
- Economic adviser Bernstein cites chances of US ‘soft landing’
- Bernie Sanders criticizes Fed policy as hurting working people
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The Federal Reserve’s interest-rate hikes to bring inflation under control are starting to work, while President Joe Biden is doing everything possible to support the US central bank, two administration economic advisers said.
“What we can see in the economic data is the Fed is focused on bringing down inflation,” Cecilia Rouse, chair of Biden’s council of economic advisers, said on CNN’s “State of the Union” on Sunday. “And we are starting to see signs that the actions they are taking is having an effect.”