Top Biden Economist: ‘I Really Do Believe’ Inflation Will Ease
- Rouse says she appreciates that higher prices are painful
- Too early to gauge omicron variant’s impact on U.S. economy
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The head of President Joe Biden’s Council of Economic Advisers expressed confidence that high inflation will fade in 2022 as supply bottlenecks ease and more Americans return to work, even as the price spike has proved more persistent than many economists had been expecting.
“I really do believe that inflation will ease over the coming year. It’s not to say that we’re not watching, I would never declare victory,” Cecilia Rouse said in an interview Thursday.