Remarks by National Economic Council Director Lael Brainard ...
The White House is discussing the U.S. recovery and the role of policy in overcoming the pandemic downturn. The recovery is strong with the economy growing by 4.9% in the third quarter, exceeding expectations. Core inflation is coming down, with annual core PCE inflation at 3.7% in September. The U.S. recovery under President Biden's economic plan compares favorably to previous forecasts and recoveries of other advanced economies. The U.S. has the lowest inflation and strongest productivity growth among G7 economies. Investment in infrastructure and clean energy is contributing to economic growth.
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