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  • White House economic adviser says U.S. better off than countries ‘facing famine’

    07/26/2022 6:14:02 PM PDT · by Red in Blue PA · 39 replies
    During the White House press briefing, the National Economic Council director argued that the U.S. is not on the brink of a recession and that the state of the economy, which hit a whopping 9.1% inflation rate in June, could be a lot worse than it is currently. "I think that our economy is more resilient to the types of challenges that we face," Deese said. "For example, with respect to food, we're a net exporter of agricultural commodities. And obviously, the high prices are hitting Americans very hard, but in a way that is different from some places that...