From Oct. 14, 2021, video clip “Biden official on supply chain crunch: ‘Bumps along the way’ to reopen economy” from ABC News, where Stephanie Ramos speaks with Deputy Treasury Secretary Wally Adeyemo on the Biden administration’s response to the supply chain crunch and rising prices.
At the minute, about 5.45, Adeyemo mentions that “today we face an economy” that “is in transition” and
“the reality is that the only way we’re going to go to a place where we work through this transition is if everyone in America and everyone around the world gets vaccinated”.
- Is the economy in a transition? To what?
- Why does the entire world needs to be vaccinated to “work through” this transition?