Coronavirus recovery is a bigger concern than inflation – White House’s Boushey
The United States does not run the risk of a dangerous period of inflation a top economic official from Biden said Friday after a monthly profit from workers, but the rapid reopening of business could cause a revival of the coronavirus.
“We need to contain the virus to get the economy going, and people are seeing a lot more confidence,” he said. Heather Boushey, a member of the White House’s Economic Advisers’ Council, after the administration pushed up the vaccines and signed a $ 1.9 billion stimulus bill.
“The question is whether we are moving too fast, too fast.” A Labor Department report earlier Friday showed that the U.S. economy is creating the most jobs in seven months in March, a report that could be the start of the strongest economic performance this year in decades.
President Joe Biden’s government aggressively passes a $ 1.9 billion stimulus bill passed by Congress in his first week in office and working towards having a goal of having enough vaccine to cover all adults in the country by May.
A new government plan unveiled on Wednesday will spend more than $ 2 billion extra on infrastructure and other jobs over the next eight years.
Boushey said the government has not yet made its own estimate of how many posts the effort would create, because “it really depends on how the details work out” if the government negotiates with Congress. But she said a projection of the jobs that will be created will come ‘in the not-too-distant future’.
Biden said Friday some studies show it could create 19 million jobs.