Coronavirus resurgence more worrying than inflation – White House Boushey
The United States is not at risk of inflation after a month of profit for workers, a senior economic official at Biden said on Friday, but the rapid pace of business opening could lead to a resurgence of the coronavirus.
“We have to contain the virus to start the economy and make people see a lot more confidence,” he said. Heather Bush, a member of the White House Council of Economic Advisers after the administration amassed vaccines and signed a $ 1.9 trillion stimulus bill.
“The point is, I’m moving too fast, too early.“A report from the Department of Labor earlier Friday showed that the U.S. economy created the most jobs in seven months in March, a report that could mark the beginning of the strongest economic results this year in decades.
President Joe Biden̵
The administration’s new plan, released Wednesday, will add more than $ 2 trillion in additional infrastructure and other jobs over the next eight years.
Boushey said the administration has not yet made its own assessment of how many jobs would create these efforts, as “it really depends on how some of the details develop” while the administration negotiates with Congress. But she said the forecast for the jobs that would be created would come “in the not-too-distant future.”
Biden said on Friday that some studies show that this could create 19 million jobs.