Posted on 05/06/2023 9:04:02 AM PDT by ChicagoConservative27
During an interview with Bloomberg on Friday, White House Council of Economic Advisers member Heather Boushey argued that fiscal policy isn’t too loose because “we have seen those ongoing declines in the inflation rate” and a soft landing is “where we are right now.” She also stated that with the spending plans put into place by the Biden administration, “the money hasn’t started flowing yet, in large part.”
Co-host Guy Johnson asked, [relevant exchange begins around 3:45] “We have had 500 basis points of hikes on the monetary side and we’ve still got an unemployment rate of 3.4% and it’s falling. That, as an economist, must surprise you a little bit and it must make you wonder whether the fiscal side of the equation is therefore still too accommodative. Is there any evidence that, given the rate rises that we’ve seen, that that does imply the fiscal is too loose, too accommodative?”
(Excerpt) Read more at breitbart.com ...
Clueless was a movie with Alecia Silverstone, not a Whitehouse position.
“White House: Fiscal Policy Isn’t Too Loose Because a Soft Landing Is ‘Where We Are Right Now’”
Hey, I just saw a video of a 747 make a soft landing ... oh wait ... then BOOM
“we have seen those ongoing declines in the inflation rate”
“the money hasn’t started flowing yet, in large part.”
Raise the debt ceiling as Democrats desire and then prices will soar once again up into the wild blue yonder.
Says the most fiscally irresponible President in history.
So just the opposite. We heard “transitory inflation” and “a recession is not a recession”; when both were flat out wrong. Save your money.
Declines in the inflation rate? Only because they changed the way they calculate by shaving of a year in economic data; ergo cooking the books/.
white house: do not be alarmed, we are still in the destruction phase of build back better
What on earth is a “Heather Boushey?”
Sounds like a 70’s porn star. What she says makes about as much sense, too.
Ugh! I looked it up on the site that cannot be mentioned on FR. Fake economist, like her husband. Ph.D. in Economics from the New School and a career of “feminist economics.” Absolutely no viable credentials whatsoever.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.