

The White House’s Brian Deese on Supply Chains and Biden’s Economic Agenda
Feb 24, 2022
Brian Deese, Director of the National Economic Council, shares insights on the current economic landscape under President Biden. He discusses the booming GDP and labor market amid high inflation and low consumer sentiment. The conversation delves into supply chain challenges, energy market dynamics, and the necessity of long-term clean energy strategies. Deese also emphasizes the impact of infrastructure investments on supply chain resilience and the delicate balance corporations face between short-term profits and sustainable growth.
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Inflation Drivers
- Elevated prices stem from high demand for goods, disrupted supply chains, and labor shortages.
- The US economy is not exceeding its capacity, despite strong growth and labor market outcomes.
Oil Production and Prices
- US oil production is expected to increase significantly in early 2022.
- Global oil supply, controlled by OPEC, hasn't kept pace with rising demand, impacting prices.
Supply Chain Improvements
- Dwell time for containers at ports has decreased by 70% due to recent efforts.
- The focus is on building more resilient supply chains and domestic manufacturing.