- Biden administration officials have advanced an optimistic view of the economy despite continued volatility.
- Treasury Secretary Janet Yellen remarked during an interview that inflation “has really been quite moderate, quite low for the last six months or so” even as price increases remain well above the 2% annual rate seen before the lockdown-induced recession.
- White House Press Secretary Karine Jean-Pierre likewise dismissed layoffs at prominent technology companies while claiming that the administration “inherited an economic crisis and turned it into the strongest two years of job growth on record.”
