Deese: Goal Is Stable, Steady Growth

The transcript discusses the current economic indicators and legislative focus, highlighting the transition from a strong recovery to stable growth. It outlines the White House's strategy to tackle inflation without causing a recession, emphasizing the strength of the U.S. labor market and household balance sheets. The discussion includes short, medium, and long-term plans to address economic challenges, such as gas prices, semiconductor supply, and housing. The importance of trade and resilient supply chains is also covered, with a focus on near shoring and friend shoring to promote economic growth.

What is the current economic transition aiming to achieve?

• A rapid increase in consumer spending

• A stable and steady growth pathway

• A shift from services to goods

• A decrease in employment rates

How does the White House plan to address inflation without causing a recession?

• By increasing taxes

• By cutting government spending

• By leveraging the U.S.'s economic strengths

• By reducing exports

What is a key focus of the semiconductor investment bill?

• Enhancing digital marketing

• Decreasing energy consumption

• Increasing the supply of semiconductors

• Reducing labor costs

What is a short-term action mentioned to ease price pressures?

• Expanding public transportation

• Increasing tariffs

• Reducing gas prices

• Building new factories

What long-term strategy is discussed for addressing housing supply issues?

• Increasing interest rates

• Encouraging affordable housing development

• Limiting urban expansion

• Reducing property taxes

How does trade policy contribute to economic growth and price stability?

• By promoting resilient supply chains

• By increasing import tariffs

• By focusing solely on domestic markets

• By reducing international trade

What is the White House's approach to promoting near shoring and friend shoring?

• By leveraging private capital

• By reducing public investment

• By increasing foreign aid

• By limiting industrial growth