Q: layoffs, sales drop, inflation is back to 40-year highs? A: still seeing transition to stable


#shorts On 1/24/2023, a reporter asked Press Secretary Karine Jean-Pierre during briefing, “On the economy. So, more companies are announcing layoffs. We’re seeing retail sales drop off for two months in a row now. And inflation is back to 40-year highs. Is this the stable growth that you’ve been talking about? If not, when does that stable growth get here?”

MS. Jean-Pierre: Look, we are still seeing transition to a stable and steady growth. That is what we’re seeing when we look at the data. And, look, yes, there are layoffs that you’re ta- — you’re asking me about. And we’ve previously said, on the broader economy, layoffs remain near record lows according to job opening data. So, these — we’re looking at the data. And this is what the data is — has been telling us … And so, again, this is an economic policy, an economic plan that is working. And a lot of it is because the President has taken bold steps.

Reporter: But when? When can Americans see that stable growth you’re talking about?

MS. Jean-Pierre: Well, I think you look at this — again, I pointed to the CPI data, I pointed to the PPI data, where we have seen inflation coming down. Let’s not forget the Inflation Reduction Act, where it’s going to be implement- — implemented in the next couple of months

other clips of this published longer video is here: https://youtu.be/4ku-_NqCZEc
Q: layoffs, sales drop, inflation is back to 40-year highs? A: still seeing transition to stable growth

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