Cecilia Rouse, chair of the White House Council of Economic Advisers, confirmed on “Fox News Sunday” that the group expects to see what she calls some “transitory inflation” as America recovers from the COVID-19 pandemic — a fear that Donald Trump has warned about due to the runaway government spending authorized by Democrat leaders.
The response came to host Chris Wallace asking, “Can you guarantee with all this spending that we are not going to have a new round of overheating the economy and serious inflation?”
She admitted some inflation, as well as noting, “We expect that there is going to be supply chain disruptions. That will cause some transitory increases in prices.”
Rouse also said, “We know that there are some places where employers are struggling to workers.”
The combination of more places opening without hiring the same level of workers as before the pandemic can be felt by most Americans visiting a retail store, eating at a restaurant or buying groceries.
Wallace noted “in just over 100 days, President Biden has proposed more than $6 trillion in new spending.” Though most of this spending has not yet passed in Congress, the numbers are staggering.
The pandemic has certainly led to many economic concerns, but one of the biggest concerns is getting Americans back to work.
More spending cannot be the answer to every problem in Washington. Instead, supporting job creation can offer help that truly assists Americans.
This will especially be the case as inflation increases. Not all of the inflation is Biden’s fault, but unless he acts to help, the situation will only get worse.