White House's Bernstein says Washington is keeping close eye on Middle East conflict
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Dr. Jared Bernstein testifies on his nomination to be Chairman of the Council of Economic Advisers during a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill in Washington, U.S., April 18, 2023. REUTERS/Amanda Andrade-Rhoades/File Photo
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NEW YORK - U.S. Council of Economic Advisers Chair Jared Bernstein on Wednesday said he did not "thus far" see the Israel-Gaza war as an exogenous shock that could derail U.S. economic growth, but said Washington was keeping a close eye on the conflict and its impact on oil prices.
Bernstein also said he did not expect a government shutdown to put the economy into a recession, but said it was hard to know for certain without knowing the length of any potential disruption. REUTERS
