{"id":1736758,"date":"2022-11-13T06:07:11","date_gmt":"2022-11-13T11:07:11","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1736758"},"modified":"2022-11-13T08:18:33","modified_gmt":"2022-11-13T13:18:33","slug":"national-economic-council-director-brian-deese-wont-say-inflation-has-peaked","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/national-economic-council-director-brian-deese-wont-say-inflation-has-peaked\/","title":{"rendered":"National Economic Council Director Brian Deese Won\u2019t Say Inflation Has Peaked"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/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%2Fnational-economic-council-director-brian-deese-wont-say-inflation-has-peaked%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=1736758&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\/2022\/11\/Deese-523-Thumbnail-640x335-1.jpg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>On Thursday\u2019s broadcast of CNBC\u2019s \u201cClosing Bell,\u201d National Economic Council Director Brian Deese said that while the October inflation report is welcome, \u201cthere can be unexpected setbacks. There can be bumps in the road\u201d and he\u2019s not willing to say inflation has peaked.<\/p>\n<p>Deese stated, \u201cI think that it is welcome that we\u2019re seeing some deceleration, certainly, and absolute price declines in certain goods categories as well. And, at the same time, we have to keep at this and stay focused on needing to see those price declines persist across time. And certainly, there can be unexpected setbacks. There can be bumps in the road. And so, we\u2019re going to, as we say, even in the months where we see more welcome data and also less-welcome data, you never want to over-index too much on any individual one month of data. So, we\u2019ll try to keep looking in the aggregate. But I do think that if you look across the economy, you are seeing some important signs of the resilience of the economic recovery in the labor market and in the broader economy, while we\u2019re also seeing some reduction in price pressures as well. That\u2019s the dynamic we want to see continue. It\u2019s the dynamic that the president has been talking about for some time now, this transition to more steady, stable growth. And so, that\u2019s certainly what we want to see, and certainly, this data gives us more confidence that that\u2019s what we will see going forward.\u201d<\/p>\n<p class=\"a8d-pre\">Host Sara Eisen then asked, \u201cSo, it sounds like you\u2019re not willing to say we\u2019ve peaked?\u201d<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>Deese responded, \u201cI think I\u2019m willing to say exactly what we\u2019re seeing, which is we are seeing moderation and deceleration in these numbers and we\u2019re seeing it in some areas that, I think, are good indications of what may come as well. The future is uncertain. We face a complicated global environment. And so, at both the headline and the core, we\u2019re just going to stay focused on what we can control. The good news is that some of the things that we\u2019re seeing, for example, on health care \u2014 health insurance, on prescription drug prices, on energy prices, policies that we have already enacted are going to start to take effect and help to provide additional price reductions here in the next set of weeks and months. So, that\u2019s a positive as well.\u201d<\/p>\n<p><em>Follow Ian\u00a0Hanchett on Twitter\u00a0<a class=\"x5l\" href=\"https:\/\/twitter.com\/IanHanchett\" target=\"_blank\" rel=\"noopener external\">@IanHanchett<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday\u2019s broadcast of CNBC\u2019s \u201cClosing Bell,\u201d National Economic Council Director Brian Deese said that while the October inflation report is welcome, \u201cthere can be unexpected setbacks. There can be<\/p>\n","protected":false},"author":1,"featured_media":1736761,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1736758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1736758","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1736758"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1736758\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1736761"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1736758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1736758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1736758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}