Economy

The White House: The U.S. Economy on a Stronger Path than Japan and Britain

The White House: The U.S. Economy on a Stronger Path than Japan and Britain

White House economic adviser Lael Brainard emphasized that the U.S. economy is on a radically different path from Britain and Japan due to the establishment of new businesses and robust consumer spending. She noted that President Joe Biden's administration spending on infrastructure and clean energy will also support investment. Brainard told reporters at the National Association for Business Economics conference in Washington, "We expect the conditions to be very good" for the United States, despite Britain and Japan entering a recession.

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