Biden economic adviser suggests definition of recession says key areas ' have not been flashing red' HEAD TOPICS
Biden economic adviser suggests definition of recession says key areas ' have not been flashing red'
10/21/2022 2:20:00 PM Biden economic adviser suggests definition of recession says key areas ' have not been flashing red'
Source Fox News
Biden economic adviser suggests definition of recession, says key areas 'have not been flashing red' White House Council of Economic Advisers member Jared Bernstein says retail sales, payroll, employment, consumer spending and industrial production 'are not in recessionary territory.' to call a recession."Council of Economic Advisers member Jared Bernstein answers questions during the daily White House press briefing on July 18, 2022, in Washington.(Win McNamee/Getty Images)"I would look at the following variables, which happens to be the same ones that the group I was just talking about, retail sales, payroll, employment, consumer spending, industrial production, all of those have not been flashing red, all of those are not in recessionary territory," Bernstein said."Now, if you're asking me to look around a corner and say where the economy is going to be, I got to tell you that everybody's crystal ball is a bit cracked right now, and I think the uncertainty out there makes it tough." Read more:
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Silver Peak has gained newfound attention in recent years as the energy and transportation sectors race to wean themselves off climate-warming fossil fuels. Read more >> Salt Lake City Council votes to move forward with tiny home village to house homelessThe Salt Lake County Council is taking the next steps in a tiny home village project that would provide housing for individuals in Utah experiencing homelessness. Can’t wait for taxes hikes on all the resources this is gonna suck up. Oh is this phase 4 of ruin SLC? Someone with a substance abuse issue will rip the wiring out of a tiny home and sell it for money to buy booze or drugs. Someone with a mental illness will melt down the appliances to make a metal hat so the CIA can't scan his brain. White House will announce additional oil reserve sales in wake of OPEC+ cut CNN PoliticsPresident Joe Biden on Wednesday will announce the sale of an additional 15 million barrels from the Strategic Petroleum Reserve in December, a senior administration official said, as his administration seeks to counter market pressures created by the OPEC+ decision to cut oil production targets just three weeks from the midterm elections. A quick Google search says that the US uses: 19.89 million barrels a day. And this is not optics for the midterms how? This is radical The last release did nothing - but go ahead and keep draining our reserves with the hopes it will get people to vote D in the midterms. Create a problem, then pretend to fix it. We aren't stupid, and people are waking up and realizing how this admins awful policies are hurting us ‘The White Lotus’ Creator Mike White Hints At Season 3 Cast And Possible LocationThe White Lotus creator Mike White is already thinking about the Netflix show’s Season 3, even on the red carpet for Season 2. “We just turned in our last episode to the network yesterd… Hey Deadline, the show is an HBO original, not a Netflix one The Netflix show Republicans react to Biden White House secrecy around Delaware visitors: 'a bunch of malarkey'Congressional Republicans reacted to the White House dodging Fox News Digital's questions on the president's visitor's log from his Delaware home that reportedly doesn't exist. If you got nothing to hide why lie . The optics of this do not help White House 'reexamining our relationship with Saudi Arabia': Chief of staffRankled by the recent move to slash oil production, White House chief of staff Ron Klain iterated that the Biden administration is reevaluating the United States's relationship with Saudi Arabia. WHCOS Why is the WHCOS announcing US policy positions? He's not elected by anyone, nor is he accountable to anyone. WHCOS Who is Ron Klain and why is he running our government? Does he work for Pelosi or Obama; he certainly doesn’t work for POTUS, but in fact controls policy. WHCOS Biden strikes again. Another ally going… this guy is poison. White House Worried Elon Musk Deals Threaten National SecurityElon Musk to Cut Twitter Staff by 75% as Biden Worries Deal Threatens National Security Man of the people Oh no, whatever shall we do to the White House to call a recession.SALT LAKE CITY — Leaders with the project want to lease around eight acres of city-owned land to"The Other Side Academy" for the construction of a village with 430 tiny homes.The announcement of the sale is the latest step in the White House’s unprecedented plan to balance global markets and dampen soaring gas prices.red carpet for Season 2. " Council of Economic Advisers member Jared Bernstein answers questions during the daily White House press briefing on July 18, 2022, in Washington. (Win McNamee/Getty Images) "I would look at the following variables, which happens to be the same ones that the group I was just talking about, retail sales, payroll, employment, consumer spending, industrial production, all of those have not been flashing red, all of those are not in recessionary territory," Bernstein said. The project has been in the works for a while, with Salt Lake City Mayor Erin Mendenhall announcing the program in April 2021."Now, if you're asking me to look around a corner and say where the economy is going to be, I got to tell you that everybody's crystal ball is a bit cracked right now, and I think the uncertainty out there makes it tough. “The price of gas is still too high, and we need to keep working to bring it down,” Biden said at an event in Los Angeles last week, adding that he planned to announce additional actions in the coming days." President Joe Biden speaks in the Eisenhower Executive Office Building in Washington on July 28, 2022. "I would like to acknowledge the trauma of my community," said Salt Lake City Council District two representative Alejandro Puy. (Oliver Contreras/Bloomberg via Getty Images) Bernstein admitted that consumer prices elevated to a point where"family budgets are squeezed," but he said gas was down by 5% and that the price of gas fell about a third in the third quarter of this year after peaking out at $5 per gallon. Related Story Jenna Ortega Felt "Completely Lost And Confused" When She Began Playing Wednesday Addams For Tim Burton “Jennifer is my friend and everybody loved her in the first season, and I was like, ‘I can’t go to Italy without Jennifer. Now, there are 14 states with the price of gas at $3." The tiny home village is expected to cost around $13. Biden has also made clear to his advisers that if the conditions merit, he is prepared to authorize future releases to balance the market.50 or below, Bernstein said, tying the shift to release of oil from the strategic reserves. President Joe Biden speaks during an event at the White House on May 4, 2022. Read - Salt Lake City announces proposed site of tiny home village to house homeless "We need to do everything in our power to mitigate not only the consequences but bring good things to the westside," said Puy. (Alex Wong/Getty Images) CLICK TO GET THE FOX NEWS APP "If you look at the unconscionable actions of Putin, weaponizing energy, amplified by the short-sighted and misguided decision by OPEC+ recently, then sure, having the [Strategic Petroleum Reserve] there for potential release is an important tool," Bernstein said. Biden will announce that the administration intends to repurchase crude oil for the emergency reserve when prices are at or below between $67 and $72 per barrel. Danielle Wallace is a reporter for Fox News Digital covering politics, crime, police and more. It's not immediately clear what comes next in the process. The second season follows a different group of vacationers as they book their stay at an Italian White Lotus property. Story tips can be sent to danielle.wallace@fox. The plan also serves the purpose of countering any criticism about the unprecedented scale of Biden’s reserve releases, one that officials said underscores the administration’s intent to refill when market conditions make it most advantageous.com and on Twitter: @danimwallace. Election season is here! Get the latest race updates, exclusive interviews, and more Fox News politics content. Arrives .” The official noted that the reserve, which has roughly 400 million barrels, is still the largest in the world and that the US remains positioned to deal with any crisis or challenges that would require its use. White, David Bernad and Mark Kamine serve as executive producers for Season 2.