Inflation should be about 3% by the end of 2022, says the chair of the Council of Economic Advisers
Cecilia Rouse, chair of the White House Council of Economic Advisers, says the rate should fall to about 3% by the end of 2022Ralph Alswang for The Wall Street JournalEconomic growth has roared back from its lockdown-induced slump in 2020, powered by massive fiscal and monetary stimulus.
But that has come with new challenges, including a tight labor market, scrambled supply chains and concerns about inflation. Cecilia Rouse, chair of the White House Council of Economic Advisers, met with Greg Ip, The Wall Street Journal’s chief economics commentator, at the WSJ CEO Council Summit to discuss whether the U.S. economy is on the right track.
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