White House News in Chinese - About (weebly.com)
Rouse said this week’s figures showing a leap in consumer prices, as well as last week’s hugely disappointing employment data, need to be seen in context
Expect ‘choppiness’ in US economic recovery, says White House
WASHINGTON, May 15 — Expect “choppiness” in the US economic recovery as different sectors bounce back at varying speeds, but inflation will not be a longterm problem, a top White House official said yesterday.
Cecilia Rouse, chair of the Council of Economic Advisers, said the current turbulence is unpredictable.
For example, she joked, the government health authority’s ruling on Thursday that vaccinated people can safely drop their coronavirus masks suddenly means “we now anticipate an oversupply of masks and an undersupply of lipstick.”
“In all seriousness, different sectors of the economy will come back online at different times,” she told reporters. “Given the extraordinary and unprecedented circumstances of the pandemic, it will remain difficult for analysts to accurately forecast economic data.”
Rouse said this week’s figures showing a leap in consumer prices, as well as last week’s hugely disappointing employment data, need to be seen in context.
An average of half a million jobs have been created every month since January, she said, while the inflation figures reflected wild, yet temporary swings in economic activity as Americans emerge from partial lockdowns — particularly a return to air travel and buying cars.
“Airline prices ticked up because they had completely cratered last year,” she said.
Those ticket prices still have some way to go to reach pre-pandemic levels — heralding more inflation — but the increases will eventually plateau, as pent-up demand is satiated.
“I do not expect those prices to continue... because at some point people will stop,” she said. “I don’t think people take multiple vacations.”
“There’s going to be some choppiness,” Rouse said.
Runaway inflation, however, is not on the White House’s horizon.
“People fully expect this inflation to be temporary,” Rouse said. “There are not the sort of structural factors that should lead to an inflation that the Federal Reserve cannot control.”
Rouse pointed out that the current recovery was in response to significant gains in taming the Covid-19 pandemic through vaccinations.
However, she cautioned that there is a long way to go, meaning more economic uncertainty.
“We are making fabulous progress in this country, in terms of controlling the virus, but I’d like to remind you that only 58 per cent of adults have had one shot at least,” she said. Only a quarter of 18 — to 29-year-olds are fully inoculated.
“We are still eight million jobs down from where we were last year. We have a long way to go.” — AFP source from
Expect ‘choppiness’ in US economic recovery, says White House
WASHINGTON, May 15 — Expect “choppiness” in the US economic recovery as different sectors bounce back at varying speeds, but inflation will not be a longterm problem, a top White House official said yesterday.
Cecilia Rouse, chair of the Council of Economic Advisers, said the current turbulence is unpredictable.
For example, she joked, the government health authority’s ruling on Thursday that vaccinated people can safely drop their coronavirus masks suddenly means “we now anticipate an oversupply of masks and an undersupply of lipstick.”
“In all seriousness, different sectors of the economy will come back online at different times,” she told reporters. “Given the extraordinary and unprecedented circumstances of the pandemic, it will remain difficult for analysts to accurately forecast economic data.”
Rouse said this week’s figures showing a leap in consumer prices, as well as last week’s hugely disappointing employment data, need to be seen in context.
An average of half a million jobs have been created every month since January, she said, while the inflation figures reflected wild, yet temporary swings in economic activity as Americans emerge from partial lockdowns — particularly a return to air travel and buying cars.
“Airline prices ticked up because they had completely cratered last year,” she said.
Those ticket prices still have some way to go to reach pre-pandemic levels — heralding more inflation — but the increases will eventually plateau, as pent-up demand is satiated.
“I do not expect those prices to continue... because at some point people will stop,” she said. “I don’t think people take multiple vacations.”
“There’s going to be some choppiness,” Rouse said.
Runaway inflation, however, is not on the White House’s horizon.
“People fully expect this inflation to be temporary,” Rouse said. “There are not the sort of structural factors that should lead to an inflation that the Federal Reserve cannot control.”
Rouse pointed out that the current recovery was in response to significant gains in taming the Covid-19 pandemic through vaccinations.
However, she cautioned that there is a long way to go, meaning more economic uncertainty.
“We are making fabulous progress in this country, in terms of controlling the virus, but I’d like to remind you that only 58 per cent of adults have had one shot at least,” she said. Only a quarter of 18 — to 29-year-olds are fully inoculated.
“We are still eight million jobs down from where we were last year. We have a long way to go.” — AFP source from
Chair of the Council of Economic Advisers Cecilia Rouse
Expect 'Choppiness' In US Economic Recovery: White House
May 15 - Expect "choppiness" in the US economic recovery as different sectors bounce back at varying speeds, but inflation will not be a longterm problem, a top White House official said Friday.
Cecilia Rouse, chair of the Council of Economic Advisers, said the current turbulence is unpredictable.
For example, she joked, the government health authority's ruling on Thursday that vaccinated people can safely drop their coronavirus masks suddenly means "we now anticipate an oversupply of masks and an undersupply of lipstick."
"In all seriousness, different sectors of the economy will come back online at different times," she told reporters. "Given the extraordinary and unprecedented circumstances of the pandemic, it will remain difficult for analysts to accurately forecast economic data."
Rouse said this week's figures showing a leap in consumer prices, as well as last week's hugely disappointing employment data, need to be seen in context... more
Expect 'Choppiness' In US Economic Recovery: White House
May 15 - Expect "choppiness" in the US economic recovery as different sectors bounce back at varying speeds, but inflation will not be a longterm problem, a top White House official said Friday.
Cecilia Rouse, chair of the Council of Economic Advisers, said the current turbulence is unpredictable.
For example, she joked, the government health authority's ruling on Thursday that vaccinated people can safely drop their coronavirus masks suddenly means "we now anticipate an oversupply of masks and an undersupply of lipstick."
"In all seriousness, different sectors of the economy will come back online at different times," she told reporters. "Given the extraordinary and unprecedented circumstances of the pandemic, it will remain difficult for analysts to accurately forecast economic data."
Rouse said this week's figures showing a leap in consumer prices, as well as last week's hugely disappointing employment data, need to be seen in context... more
May 14, 2021 White House Daily Briefing
White House Press Secretary Jen Psaki held a briefing on the Biden administration’s agenda. She was joined by economic adviser Cecilia Rouse, who talked about the state of the economy and job numbers. The press secretary discussed the CDC’s new mask guidance, the ongoing conflict in Israel and negotiations on the president’s proposed infrastructure plan.
White House Press Secretary Jen Psaki held a briefing on the Biden administration’s agenda. She was joined by economic adviser Cecilia Rouse, who talked about the state of the economy and job numbers. The press secretary discussed the CDC’s new mask guidance, the ongoing conflict in Israel and negotiations on the president’s proposed infrastructure plan.
Press Briefing by Press Secretary Jen Psaki and Chair of the Council of Economic Advisers Cecilia Rouse, May 14, 2021
MS. PSAKI: Hi everyone. Happy Friday. All right. So, today, we have another special guest — it’s quite a week with special guests; our seventh of the week — Chair of the Council of Economic Advisers Cecilia Rouse, a member of the President’s Families Cabinet.
This is not her first time in the briefing room, but, as a quick introduction, she is a renowned labor economist who recently served as Dean of the Princeton School of Public and International Affairs. She previously served as a member of the Council of Economic Advisers in the Obama-Biden Administration, where I had the pleasure of working with her, and on the National Economic Council in the Clinton Administration. She is the first African American and just the fourth woman to lead the CEA in the 74 years of its existence.
She has a busy day, as we all do — a lot going on here — but she’ll take just a couple questions when she wraps up.
And I’m so happy I don’t have to put my mask back on. Okay, come on over.
CHAIR ROUSE: Thank you. Okay.
Q Hello.
CHAIR ROUSE: Hello. So, this past year, we’ve been living through a once-in-a-hundred-years pandemic — or at least that’s what we certainly hope.
The speed with which we powered down the economy was unprecedented. And while we have suffered and lost much over the past year, the efficiency and speed with which we have rolled out the vaccinations — even surpassing President Biden’s own initial and, I might say, ambitious goals — has meant that the U.S. has made tremendous progress at curbing the virus.
As a result, we are now in the midst of restarting this economy in earnest and we are making good progress in doing so. However, we must keep in mind that an economy will not heal instantaneously. It takes several weeks for people to get full immunity from vaccinations and even more time for those left jobless from the pandemic to find and start a suitable job. Supply chains have been disrupted and sectors that were hardest hit are just beginning to come back... more
MS. PSAKI: Hi everyone. Happy Friday. All right. So, today, we have another special guest — it’s quite a week with special guests; our seventh of the week — Chair of the Council of Economic Advisers Cecilia Rouse, a member of the President’s Families Cabinet.
This is not her first time in the briefing room, but, as a quick introduction, she is a renowned labor economist who recently served as Dean of the Princeton School of Public and International Affairs. She previously served as a member of the Council of Economic Advisers in the Obama-Biden Administration, where I had the pleasure of working with her, and on the National Economic Council in the Clinton Administration. She is the first African American and just the fourth woman to lead the CEA in the 74 years of its existence.
She has a busy day, as we all do — a lot going on here — but she’ll take just a couple questions when she wraps up.
And I’m so happy I don’t have to put my mask back on. Okay, come on over.
CHAIR ROUSE: Thank you. Okay.
Q Hello.
CHAIR ROUSE: Hello. So, this past year, we’ve been living through a once-in-a-hundred-years pandemic — or at least that’s what we certainly hope.
The speed with which we powered down the economy was unprecedented. And while we have suffered and lost much over the past year, the efficiency and speed with which we have rolled out the vaccinations — even surpassing President Biden’s own initial and, I might say, ambitious goals — has meant that the U.S. has made tremendous progress at curbing the virus.
As a result, we are now in the midst of restarting this economy in earnest and we are making good progress in doing so. However, we must keep in mind that an economy will not heal instantaneously. It takes several weeks for people to get full immunity from vaccinations and even more time for those left jobless from the pandemic to find and start a suitable job. Supply chains have been disrupted and sectors that were hardest hit are just beginning to come back... more
Hamas is trying to cause a chemical disaster in Israel
May 15 - GAZA, (BM) – One of Hamas’s combat brigades, Izz ad-Din al-Qassam, tried to cause a chemical accident in Israel by attacking the chemical plant in Nir Oz with a massive missile and drone attacks, learned BulgarianMilitary.com, citing TASS and Forbes.
The attack took place yesterday, May 14 (Friday). Websites close to the Palestinian political military movement Hamas have started distributing a video claiming to show the rocket attack on the plant. Other sources say Hamas used Iranian-made kamikaze drones for the attack. So far, however, there is no official data on whether the chemical plant was hit by Palestinian missiles. The information cannot be confirmed.
BulgarianMilitary.com conducted a study of the production at the plant. In it, the Israelis produce various chemicals, using volatile chemical poisons such as chlorine, ammonia and others. The plant also stores toxic materials. Experts say that if the Hamas attack had been successful, cities near the plant would have been exposed to highly toxic and toxic airborne chemicals that could have caused serious damage... more
Related Articles:
BulgarianMilitary.com 24/7 – Gaza Strip tension, Israel-Palestina
May 15 - GAZA, (BM) – One of Hamas’s combat brigades, Izz ad-Din al-Qassam, tried to cause a chemical accident in Israel by attacking the chemical plant in Nir Oz with a massive missile and drone attacks, learned BulgarianMilitary.com, citing TASS and Forbes.
The attack took place yesterday, May 14 (Friday). Websites close to the Palestinian political military movement Hamas have started distributing a video claiming to show the rocket attack on the plant. Other sources say Hamas used Iranian-made kamikaze drones for the attack. So far, however, there is no official data on whether the chemical plant was hit by Palestinian missiles. The information cannot be confirmed.
BulgarianMilitary.com conducted a study of the production at the plant. In it, the Israelis produce various chemicals, using volatile chemical poisons such as chlorine, ammonia and others. The plant also stores toxic materials. Experts say that if the Hamas attack had been successful, cities near the plant would have been exposed to highly toxic and toxic airborne chemicals that could have caused serious damage... more
Related Articles:
BulgarianMilitary.com 24/7 – Gaza Strip tension, Israel-Palestina
Missiles from Israel's Iron Dome defence system rise to intercept rockets fired from the Gaza Strip
Israeli-Palestinian conflict gives Biden foreign policy headache
Israel's air strikes on the militant Hamas movement in Gaza have forced the Middle East on to Joe Biden's agenda amid new questions about how his emphasis on human rights applies to Palestinians.
May 15 - It has also laid bare the extent to which the Israeli right has been empowered in occupied East Jerusalem during the presidency of Donald Trump. Unrest there sparked wider battles, and could draw the Biden administration more deeply into the longstanding Israeli-Palestinian conflict even after this latest seismic eruption abates.
That's a prospect President Biden and his senior advisers would like to avoid.
They've made clear their diplomatic priorities lie elsewhere. Until now they've adopted a low-key minimalist approach in this graveyard of American-led peace initiatives, quietly trying to restore some elements of US policy upended by the Trump administration's unabashedly pro-Israel stance.
That has meant concentrating on repairing ruptured relations with the Palestinians, and voicing rhetorical support for a viable Palestinian state as key to a lasting peace with Israel.
But they've calculated the prospects for a new round of negotiations as bleak, and are determined to shift the focus of American foreign policy to China... more
Related Articles:
Israeli-Palestinian conflict gives Biden foreign policy headache
Israel's air strikes on the militant Hamas movement in Gaza have forced the Middle East on to Joe Biden's agenda amid new questions about how his emphasis on human rights applies to Palestinians.
May 15 - It has also laid bare the extent to which the Israeli right has been empowered in occupied East Jerusalem during the presidency of Donald Trump. Unrest there sparked wider battles, and could draw the Biden administration more deeply into the longstanding Israeli-Palestinian conflict even after this latest seismic eruption abates.
That's a prospect President Biden and his senior advisers would like to avoid.
They've made clear their diplomatic priorities lie elsewhere. Until now they've adopted a low-key minimalist approach in this graveyard of American-led peace initiatives, quietly trying to restore some elements of US policy upended by the Trump administration's unabashedly pro-Israel stance.
That has meant concentrating on repairing ruptured relations with the Palestinians, and voicing rhetorical support for a viable Palestinian state as key to a lasting peace with Israel.
But they've calculated the prospects for a new round of negotiations as bleak, and are determined to shift the focus of American foreign policy to China... more
Related Articles:
