W.H. Council of Economic Advisers Chair: 'A Lot' of Inflation 'Is Due to the Strong Support We Gave to Households'

W.H. Council of Economic Advisers Chair: 'A Lot' of Inflation 'Is Due to the Strong Support We Gave to Households'


On Monday’s edition of NPR’s “All Things Considered,” 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 “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.”

Rouse said, [relevant remarks begin around 3:10] “I think Chair Powell is doing the right thing, which is he’s trying to understand what is the source of inflation. He’s 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

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