White House says it's monitoring Red Sea attacks; not seeing big impact on holiday products

The White House closely monitors Houthi attacks in the Red Sea and Russia's war in Ukraine due to potential impacts on grain markets. Lael Brainard, director of the White House National Economic Council, highlights the resilience of the US economy, with inflation decreasing faster than expected and the labor market rebounding. The evolving situation in the Red Sea is also a concern. The Houthi militant group has been firing drones and missiles at international vessels in response to Israel's assault on Gaza. Iran's involvement in planning operations against commercial vessels is denied.