U.S. Can Navigate Economic 'Rocky Waters': Deese

The transcript discusses the expected elevated CPI due to the Ukraine invasion's impact on energy prices. It covers efforts to mitigate inflation, including the release of oil from the Strategic Petroleum Reserve. The discussion also addresses global supply chain disruptions, particularly from the Shanghai lockdown, and the resilience of the U.S. economy amidst recession risks. Finally, it examines the economic impact of sanctions on Russia, highlighting the need for sustained efforts to maintain their effectiveness.

What is the current economic outlook regarding the possibility of recession as discussed in the text?

How does the speaker describe the resilience of the American economy compared to other major economies?

What unique circumstances are affecting the current economic recovery as mentioned in the discussion?