White House says epidemic is a source of rising inflation: Latest COVID-19 updates


Faced with mixed economic signs and growing public criticism, the White House’s top economic officials have linked rising inflation to the long-term effects of the COVID-19 epidemic, stressing that the economy will stabilize if it returns to normal.

“There is no doubt that inflation is high right now. This is affecting Americans’ pocketbooks. This is affecting their outlook,” national economic adviser Brian Dees said in an interview with NBC News on Sunday.

“We need to finish the job at COVID. By getting more workplaces COVID-free, vaccinating more children, we need to return to a sense of economic coherence so that more parents are comfortable going to work.”

Treasury Secretary Janet Yellen said in a CBS News interview on Sunday: “I think it’s important to realize that this is the epidemic of inflation. It froze our economy. This has increased unemployment to around 15% and we are opening in Fits and Startups.

Yellen predicted that if the epidemic hit, “prices would return to normal in the second half of next year.”

Inflation is a general increase in commodity prices across the economy. The rise in fuel and gas prices has shocked households, with prices of all commodities rising 1.2% over the past month. The lack of semiconductors has led to an increase in the prices of used cars and electronic goods.

US employment and average wages were higher than expected in October, but the workforce has fallen by more than 3 million people from pre-epidemic levels. The unemployment rate was 4.6% last month; Wages are up 1.5%, slightly ahead of the average inflation of 1.2% for the same period.

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Today’s numbers: According to statistics from Johns Hopkins University, the US recorded more than 47 million COVID-19 cases and more than 763,000 deaths. Global total: More than 253 million cases and 5.1 million deaths. About 195 million Americans – 58.8% of the population – are fully vaccinated, according to the CDC.

📘 What we are reading: In classrooms across the country, the first months of school this fall have uncovered what many in education fear: students are already lagging behind in the skills they need to master.

Refresh this page for the latest news. Want more? Sign up for the Coronavirus Watch Free Newsletter to receive updates straight to your inbox and join our Facebook group.

A federal court has refused to remove the barrier on the vaccine order

A federal court on Friday declined to remove the restriction on the Biden administration’s vaccine mandate for businesses with 100 or more workers.

The 5th US Circuit Court of Appeals, based in New Orleans, issued an emergency on Saturday, demanding that workers be vaccinated by the Federal Occupational Safety and Health Administration on January 4 or face mask requirements and weekly tests.

Attorneys for the Justice and Labor Departments filed a response Monday in which they said stopping order enforcement would only increase the COVID-19 epidemic and “cost dozens or hundreds of lives a day.”

But the Court of Appeal rejected that argument on Friday. Judge Curt D. Engelhardt wrote that the ban was “firmly in the public interest.”

“From economic uncertainty to workplace strife, the mere specter of order has led to an unexplained economic upheaval in recent months,” Engelhardt wrote.

At least 27 states have filed legal challenges in at least six federal appeals courts since OSHA issued its rules on Nov. 4. The federal government said in its court filings on Monday that the cases should be consolidated and one of the circuit courts. A legal challenge has been submitted, which must be randomly selected on November 16 to hear.

– Associated Press

The governor of Tennessee signed the COVID-19 legislation into law

With a penny on Friday afternoon, Tennessee Governor Bill Lee signed into law an extensive legislative package that would strictly limit schools, health agencies and businesses over the Kovid-19 sanctions.

The law comes into force immediately in Tennessee and is already facing legal challenges.

Lee filed a lawsuit in federal court less than an hour after signing the legislation, saying that in most cases, the new legislation banning the use of masks in public schools is unconstitutional and violates federal disability law.

The legislation – pushed into a late-night special session earlier this month – is a significant political victory for Republicans. But this has raised concerns not only from Democrats, but also hospitals and business interests, and calls for additional court wars.

– Madalyn Hoyer, Nashville Tennessee

Contribution: Associated Press

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