© Reuters. FILE PHOTO: Shoppers browse in a supermarket while wearing masks to help slow the spread of coronavirus disease (COVID-19) in north St. Louis, Missouri, U.S. April 4, 2020. REUTERS/Lawrence Bryant/File Photo
WASHINGTON (Reuters) -White House economic adviser Brian Deese said on Sunday that rising prices are a global issue stemming from the coronavirus pandemic and not a result of the policies of President Joe Biden.
Biden and his top economic advisers, including Deese, have for months predicted that inflation would be a short-term problem.
Asked on CNN’s “State of the Union” if they were wrong, Deese said, “No, I don’t think so. I think that what we have said consistently is that the pandemic and the economy are interlinked.”
Deese defended Biden administration policies on several Sunday television news shows after U.S. consumer prices accelerated in October as Americans paid more for gasoline and food, leading to the biggest annual gain in 31 years amid snarled global supply chains.
“There’s no doubt inflation is high right now. It’s affecting Americans’ pocketbooks. It’s affecting their outlook,” he said on NBC’s “Meet the Press.”
“But it’s important that we put this in context. When the president took office, we were facing an all-out economic crisis.”
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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
© Reuters. FILE PHOTO: Shoppers browse in a supermarket while wearing masks to help slow the spread of coronavirus disease (COVID-19) in north St. Louis, Missouri, U.S. April 4, 2020. REUTERS/Lawrence Bryant/File Photo WASHINGTON (Reuters) -White House economic adviser Brian Deese said on Sunday that rising prices are a global issue stemming from the coronavirus pandemic and not a result of the policies of President Joe Biden.Biden and his top economic advisers, including Deese, have for months predicted that inflation would be a short-term problem.Asked on CNN’s “State of the Union” if they were wrong, Deese said, “No, I don’t think so. I think that what we have said consistently is that the pandemic and the economy are interlinked.”Deese defended Biden administration policies on several Sunday television news shows after U.S. consumer prices accelerated in October as Americans paid more for gasoline and food, leading to the biggest annual gain in 31 years amid snarled global supply chains.“There’s no doubt inflation is high right now. It’s affecting Americans’ pocketbooks. It’s affecting their outlook,” he said on NBC’s “Meet the Press.”“But it’s important that we put this in context. When the president took office, we were facing an all-out economic crisis.”Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.