Jared Bernstein, a member of the White House Council of Economic Advisers, has admitted that inflation might not have hit its highest level yet. In an interview with Saleha Mohsin, senior Washington correspondent for Bloomberg News, Bernstein was asked about the inflation situation. “I’ve seen folks say that the peak is behind us. I’m just…
Has Inflation Peaked? White House Admits Maybe Not
August 31, 2022
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Bureau of Labor StatisticsBusiness & Marketseconomyhigh inflationinflationJared BernsteinUSUS NewsWhite House Council of Economic Advisers
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White House Economist Claims ‘Strength’ but Concedes Possibility for Recession
A top economist in the Biden administration says he can’t rule out the possibility of a recession in America’s near future, but he adds that the country is in an economic “position of strength.” The United States is experiencing a 40-year high rate of inflation coupled with a GDP that shrank 1.4 percent in the…
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