- Analytics
- News and Tools
- Market News
- WH Economist Boushey: Optimistic a recession can be avoided
WH Economist Boushey: Optimistic a recession can be avoided
White House (WH) Economist Heather Boushey said at a Washington Post (WaPo) event late Tuesday, she remains optimistic right now that the US can avoid recession.
Key quotes
"It's part of the job description to worry about when the next recession will happen.”
"But ... right now we remain optimistic that we will not have to see something that will lead to the kinds of scarring of American families that we really don't want to see."
“President Joe Biden's policies had helped fuel strong job creation and quicker-than-expected drops in unemployment, which were good indicators of the strength of the US economy.”
Asked about Biden's recent comment that a recession was not inevitable, Boushey said she agreed, adding strong family balance sheets, the low unemployment rate and the economy's ability to weather the COVID-19 pandemic and other "storms," without elaborating on specific data.
"That gives us some confidence that should oil prices continue to be high or maybe go up, which would be horrible, ... there's enough of wiggle room that businesses and families will be able to make it through because they have resources to fall back on."
Market reaction
The US dollar index was trading around 104.50 on the above comments.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
