W.H. Economic Adviser Rouse: Inflation Was and Is 'Transitory' Because It's 'Related to the Pandemic,' I 'Still' Think It'll Go Down

On Tuesday's broadcast of CNBC's "Squawk Box," White House Council of Economic Advisers Chair Cecilia Rouse said that the question of whether inflation is transitory "was, and is that it was related to the pandemic, as opposed to a kind of inflation in which we have anchored expectations and we have really entrenched inflation." And that "the inflation we're going through right now is related to the pandemic" and she "still" thinks "as supply chains unsnarl, as we get back to our regular economic activity, that we will see inflation come down."