Director of the National Economic Council of the United States, Brian Deese, defended the strategy of the government of President Joe Biden to stimulate the production of semiconductors on American soil.
During the Council on Foreign Relations’ virtual event, he commented on the official effort on this front and said that Intel is willing to invest US$ 100 billion, if a bill to stimulate this segment is passed in Congress.
Deese said the pandemic exposed “clear weaknesses” and “vulnerabilities” in the US industrial chain, which the government is seeking to circumvent. According to him, this occurs with public investment and federal bids, as well as through partnerships with companies, which “have made commitments” to build semiconductor factories.
Biden’s economic adviser also spoke about inflation, which worries him at the moment. He highlighted that the phenomenon is global and responds to factors such as the economic recovery, after the height of the pandemic shock, the greater demand for goods and the “negative supply shock”, including work.
According to him, however, there are “various reasons to expect” that inflation will slow down in the US. Deese also pointed out that the Federal Reserve (Fed), the American central bank, has the necessary instruments to control the inflationary scenario.
Source: CNN Brasil
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