{"id":1047621,"date":"2021-11-23T09:13:46","date_gmt":"2021-11-23T14:13:46","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1047621"},"modified":"2021-11-23T09:13:49","modified_gmt":"2021-11-23T14:13:49","slug":"w-h-council-of-economic-advisers-chair-a-lot-of-inflation-is-due-to-the-strong-support-we-gave-to-households","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/w-h-council-of-economic-advisers-chair-a-lot-of-inflation-is-due-to-the-strong-support-we-gave-to-households\/","title":{"rendered":"W.H. Council of Economic Advisers Chair: &#039;A Lot&#039; of Inflation &#039;Is Due to the Strong Support We Gave to Households&#039;"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">40<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fw-h-council-of-economic-advisers-chair-a-lot-of-inflation-is-due-to-the-strong-support-we-gave-to-households%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1047621&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/11\/GettyImages-1232887486-e1621021270609-640x335-1.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<p>On Monday\u2019s edition of NPR\u2019s \u201cAll Things Considered,\u201d White House Council of Economic Advisers Chair Cecilia Rouse stated that Federal Reserve Chair Jerome Powell has been looking at data to understand the source of inflation, and \u201cone of the things that we can see is a lot of it is due to the strong support we gave to households, so demand has been strong.\u201d<\/p>\n<p>Rouse said, [relevant remarks begin around 3:10] \u201cI think Chair Powell is doing the right thing, which is he\u2019s trying to understand what is the source of inflation. He\u2019s actively monitoring the data. And one of the things that we can see is a lot of it is due to the strong support we gave to households, so demand has been strong. And households have shifted their demand. They\u2019re buying in things instead of buying services and things go through ports. They have to be built, and that is causing the bottlenecks in the supply chain. So, Jerome Powell \u2014 Chair Powell is keeping his eye on those data, understands what the potential of the Fed is in potentially addressing that. We know that President Biden has got an aggressive agenda to increase capacity at the ports. So, this is to say that he is watching the data. And he \u2014 they\u2019ve already signaled they\u2019re going to start unwinding their support in the financial sector, and they\u2019ve also signaled their willingness to increase interest rates when that becomes appropriate.\u201d<\/p>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p><em>Follow Ian&nbsp;Hanchett on Twitter&nbsp;<a class=\"x5l\" href=\"https:\/\/twitter.com\/IanHanchett\" target=\"_blank\" rel=\"noopener external\">@IanHanchett<\/a><\/em><\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>On Monday\u2019s edition of NPR\u2019s \u201cAll Things Considered,\u201d White House Council of Economic Advisers Chair Cecilia Rouse stated that Federal Reserve Chair Jerome Powell has been looking at data to &#8230;<\/p>\n","protected":false},"author":33,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1047621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1047621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1047621"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1047621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1047621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1047621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1047621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}