White House economic adviser says Fed actions are starting to cool U.S. economy – CNN

WASHINGTON (Reuters) – White House economic adviser Cecilia Rouse said on Sunday that the Federal Reserve’s interest rate hikes are beginning to cool the “red-hot” U.S. economy , especially labor and housing

White House Council of Economic Advisers Chairman Ross told CNN that the Biden administration will “do everything we can” to reduce costs. But she said some inflation and energy from the Ukraine war price soaring.