Chair of the Council of Economic Advisers, i.e. the White House economic adviser, Jared Bernstein:
-
US economy facing headwinds from:
- possible shutdown,
- student debt restart,
- higher interest rates,
- UAW strike
--
- US economy expected to keep going in 'a pretty good way' absent a policy mistake or exogenous shock
- wages are not particularly implicated in inflation
- believes around a quarter of core, non-housing services inflation is wage-sensitive
