For the past four decades, the view that lower taxes, less spending, and fewer regulations would generate stronger economic growth has exerted substantial influence on U.S. public policy. 1/
Council of Economic Advisers Archived
3,724 posts
Council of Economic Advisers Archived
@WHCEA46Archive
This is an archive of a Biden administration account, maintained by the National Archives and Records Administration.
Joined February 2021
- In the next several months we expect measured inflation to increase somewhat, primarily due to three different temporary factors: base effects, supply chain disruptions, and pent-up demand, especially for services. 1/
- Welcome to the new account for the Council of Economic Advisers in the Executive Office of the President. We look forward to engaging with you all on economic data and the state of our economy!
- Personal income rose by 1.1% in July, a larger increase than market expectations, as compensation grew at a strong pace and government support increased due to the first monthly installment of the Child Tax Credit. 1/
- Replying to @WHCEA46ArchiveOver this period, the United States has underinvested in public goods such as infrastructure and innovation, and gains from growth have accrued disproportionately to the top of the income and wealth distribution 2/
- Replying to @WHCEA46ArchiveIn this issue brief, we lay out the economic evidence that demonstrates why robust public investment is an important element of a strong, inclusive U.S. economy. Read the full piece here: whitehouse.gov/wp-content/upl…
- Inflation as measured by CPI increased at a 5.4% rate year-over-year last month and 0.9% month-over-month. Core inflation—without food/energy—rose 4.5% year-over-year and 0.9% month-over-month. A large part of the increase is due to cars and pandemic-affected services. 1/
- Replying to @WHCEA46ArchiveThese proposed policies reflect the empirical evidence that a strong economy depends on a solid foundation of public investment, and that investments in workers, families, and communities can pay off for decades to come. 9/
- The Council of Economic Advisers is thrilled to welcome C. Kirabo Jackson as its new Member. whitehouse.gov/briefing-room/…
- Replying to @WHCEA46ArchiveLong-standing racial, ethnic, and gender disparities persist. In addition, while historic progress has been made in expanding health insurance, more remains to be done to provide adequate protection against economic risk. 3/
- The jobs report shows an acceleration in job growth in February and an upward revision to January’s job growth. The economy is down 9.5 million jobs from February 2020 and will need more than two years of job growth at February’s pace just to get back to pre-pandemic levels. 1/
- Inflation as measured by headline CPI increased 0.0 percent month-over-month in July, well below its elevated June monthly rate of 1.3 percent. Monthly core inflation in July fell to 0.3 percent. 1/
- Replying to @WHCEA46ArchiveThe law did not deliver on those promises. There has been no evident impact on investment or growth: gross domestic product grew 2.4 percent in the two years leading up to the law’s passage and 2.4 percent in the two years following its passage. 6/
- Replying to @WHCEA46ArchiveInstead, the tax cuts contributed to inequality by delivering disproportionate gains to the already well off without the promised wage gains for the middle class. 7/