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White House press secretary Jen Psaki told reporters on Thursday the White House was “vigilant” in monitoring inflation signals, but maintained President Joe Biden’s infrastructure proposals would help reduce price increases.
LA MAISON BLANCHE MEANS QUIET THAT THE INFLATIONARY RACE IN PROGRESS COULD LAST FOR YEARS
Psaki, when asked about comments made by Federal Reserve Board Chairman Jerome Powell, said “experts believe” most price increases should be temporary due to the consequences of restarting a closed economy during the pandemic “.
“I want to be clear,” she added, “we understand the threat of input inflation. We will be vigilant as answers are needed or needed with respect to the legislation we continue to defend.”
The main White House spokesman asserted that “the way to keep prices low in our economy is to increase the supply of goods that consumers want to buy and to keep the costs of producing and bringing to market. lower”.
“This is exactly what the President’s bipartisan infrastructure framework and Build Back Better plans will do,” Psaki continued. “It will also, as we work towards the adoption of the Build Better reconciliation agenda, to increase the availability of child care services, more workers will enter the workforce, increasing our production and helping to maintain low prices.
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You can watch Psaki’s full Thursday briefing below.
Washington Examiner Videos
Keywords: News, White House, Jen Psaki, Joe Biden, Inflation, Infrastructure
Original author: Christian Datoc
Original location: White House maintains Biden’s $ 4.5 trillion infrastructure bills won’t drive inflation up
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