From Investing.com:



The White House is closely monitoring Houthi attacks on ships in the Red Sea, but does not expect it to significantly impact holiday prices or product availability. Lael Brainard, director of the White House National Economic Council, stated that the U.S. economy is proving resilient, with inflation having decreased, the labor market rebounding, and growth remaining solid. The administration is aware of potential risks, including the situation in the Red Sea and Russia’s war in Ukraine. The Houthi militant group has been attacking international vessels in response to Israel’s assault on the Gaza Strip, with the U.S. urging the attacks to stop. Iran denies involvement in planning the attacks. The White House’s national security team is focused on the Red Sea situation and is in constant communication with ocean shippers and regional countries to ensure freedom of navigation and bolster security. Brainard stated that the diversion of vessels from the Suez Canal is not expected to have a large effect on holiday shopping product availability, but will continue to monitor the situation.



Original: White House says it’s monitoring Red Sea attacks; not seeing big impact on holiday products By Reuters