The White House: Risks from the Red Sea and China to the U.S. Economy Are Under Control

On Friday, Lael Brainard, the Director of the National Economic Council at the White House, announced that Washington risks being somewhat affected by the economic slowdown in China and shipping disruptions in the Red Sea, but the risks seem to be under control. She added that the state of the U.S. economy calls for optimism. Brainard mentioned to reporters that inflation is being kept at two percent, and recent data on consumer confidence and spending shows that Americans are confident about their financial situation, while the rise in consumer good prices is seeing some decline.