New economic data shows that GDP growth slowed to just 1.4% in the third quarter, down from 2.1% in the previous quarter. The slowdown has raised concerns about the strength of the economic recovery.

Economists point to several factors contributing to the slowdown, including supply chain disruptions, labor shortages, and waning fiscal stimulus. The Federal Reserve is closely monitoring the situation but has signaled it will maintain its current monetary policy for now.

The White House has downplayed concerns, pointing to strong job growth in recent months. However, some analysts warn that without additional stimulus, the economy could be at risk of stalling.