U.S. economy recovering strongly, inflation not the issue -White House's Deese

"In the short term, this is an economy that is recovering very strongly," Deese said at an event hosted by the Atlantic Council

  
The U.S. flag flies at half-staff in honor of the victims of yesterday's mass shooting in Boulder, Colorado, at the White House in Washington, U.S. March 23, 2021.

The U.S. flag flies at half-staff in honor of the victims of yesterday's mass shooting in Boulder, Colorado, at the White House in Washington, U.S. March 23, 2021.

Reuters/Jonathan Ernst

WASHINGTON- The U.S. economy is recovering "very strongly," in the short term following the COVID-19 outbreak, White House National Economic Council Director Brian Deese said on Wednesday, adding that near-term inflation pressure was not a major issue.

"To the degree that people are focused on inflationary pressures in the short term, that really is not the issue. In the short term, this is an economy that is recovering very strongly," Deese said at an event hosted by the Atlantic Council.

(Reporting by Nandita Bose and Susan Heavey) ((sheavey@thomsonreuters.com; +1-202-898-8300;))


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