Falling oil prices good for economy and middle class: White House
January 06, 2015 08:47
Observing that it is monitoring the steep drop in oil prices, the White House has said that the falling oil price is good for the American economy and the middle class.
"This is something that we're always monitoring. I believe we talked about this a little bit at the end of last year. But we're always monitoring the impact that any sort of policy area would have on the economy, so it's certainly something that we're watching," White House Press Secretary Josh Earnest said yesterday.
"I think that as a general matter, speaking broadly, the impact of falling energy prices has been good for the US economy," he said in response to a question.
"This is something that we're always monitoring. I believe we talked about this a little bit at the end of last year. But we're always monitoring the impact that any sort of policy area would have on the economy, so it's certainly something that we're watching," White House Press Secretary Josh Earnest said yesterday.
"I think that as a general matter, speaking broadly, the impact of falling energy prices has been good for the US economy," he said in response to a question.
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