Biden adviser complains about high workloads due to inflation

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Date: 19 Sep 2022 Time: 02:09:57

Bernstein, a Biden adviser, said the U.S. has a lot of work to do to reduce inflation.

Jared Bernstein, a member of the White House Economic Council and an adviser to US President Joe Biden, said US policymakers must work harder given the “uncomfortably high” inflation rate. He discussed this in an interview given to Fox News.

Bernstein complained about the large volume of work due to inflation and called the level too high. “Prices remain uncomfortably high. We still have a lot of work to do,” he stressed.

According to Biden’s adviser, actions taken as part of the US Federal Reserve System’s (FRS) rate hike have already slowed consumer price inflation even in the real estate market.

“The Fed is in a momentum cycle [ставки] To reduce inflationary pressure, as should be done. It cools the overheated real estate market,” Bernstein said.

Earlier, Fed Chairman Jerome Powell promised to fight inflation in the country till the end. “I can assure you that my colleagues and I are very committed to this project and will continue until the work is done,” he stressed.


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