The Biden administration has made it a point to focus on investing in the middle class—even when considering foreign policy and trade. The White House has poured money into initiatives such as the Inflation Reduction Act and the CHIPS and Science Act to encourage domestic production and job creation. As a member of Biden’s Council of Economic Advisers and chief economist of his Invest in America Cabinet, Heather Boushey is one of the primary intellectual architects of the U.S. approach to inequality, growth, and job creation.
Is Washington’s turn toward industrial policy working as planned?
Boushey joined FP’s Ravi Agrawal for a wide-ranging discussion on the U.S. economy.
Boushey refutes critiques that Bidenomics is trying to do too much by tying infrastructure investments to childcare and workers rights, saying instead that it is offering U.S. companies best-in-class practices. For the full back and forth between Biden’s chief economic advisor and FP Live host Ravi Agrawal, watch the interview.
Watch Boushey, U.S. President Joe Biden’s chief economic advisor, defend the CHIPS and Science Act against the criticism that it is encouraging protectionism.
Biden’s chief economist says that the United States is not looking to stop trade with China but rethinking how U.S. trade policies could benefit American workers.
Read the Transcript
