US Weak demand from battered consumers will be a “major constraint” on the US economy for the foreseeable future, a key White House adviser said on Monday, as the administration mulls over further ways to spur demand and create jobs.
Lawrence Summers, the director of the National Economic Council, has been banging the drum for the $787bn (€532bn, £499bn) stimulus package in the face of Republican criticism that it is not creating the jobs it promised.
