Brainard Says Jobs, Falling Inflation Paint Upbeat US Outlook
- Supply problems mostly drove inflation, Biden aide says
- White House sees US economy less exposed to Red Sea attacks
Brainard said strong job growth and earnings are reasons for optimism for a continued recovery.
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The White House expects consumer sentiment to continue improving and strong employment numbers to drive US economic growth, President Joe Biden’s top economic adviser said.
“I think any way you look at it, the American economy looks upbeat,” Lael Brainard, the director of Biden’s National Economic Council, told reporters Friday, responding to a raft of strong economic data.