Jared Bernstein on Inflation, The Federal Reserve

Jared Bernstein, Chair of the Council of Economic Advisers, breaks down the recent data showing softer growth and hotter inflation, and if there should be any concerns over consumer sentiments. He states that the economy is still very strong and shares his thoughts on how he sees inflation coming down as the Federal Reserve is no longer hiking interest rates. Jared Bernstein speaks with Kailey Leinz and Joe Mathieu on Bloomberg's "Balance of Power."
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[@dann547]

His undergraduate degree is in music and his PhD is in social work. Some how, some way he ended up as Biden’s chief economic advisor. I need a scotch, a bourbon and a beer.

[@santiagoh.1012]

I had to look it up... this is true!

[@recongraves1269]

Best song ever

[@nancid5265]

amen, serve me up and I don't even drink. sheshhhhh

[@karenwagner4951]

Lies, lies , lies. If you repeat a lie over and over again then people will believe it as true.

[@adohmnail6445]

Also, what about the real inflation for the people over the past 4 years....oh, and the trillion dollar interest payments

[@user-vb8yf8be3l]

This guy is full of BS

[@user-vb8yf8be3l]

Ask him if taxes are too high or too low

[@donothingMTIAMG]

A Democrat goofball with a music degree.

[@Bardweiser]

Real consumer spending is being done through continued rampant consumer debt creation at historically high interest rates. The brunt of GDP growth has been on the backs of continued high levels of consumer and federal debt creation (with that debt being only serviced). That's not sustainable.

[@sachaehn4924]

How did this guy get his job? He has no qualifications whatsoever to be an economist.

[@Clytia]

One doesn't need qualifications as long as they are in bed with the right people. That's the sad reality of things and it's not just bureaucracies. That lovely Marketing VP in your company who just walked past is probably sleeping with the CEO and has no idea what's happening in her department. The IT Director who just joined is a cousin of the CIO. Cronyism and nepotism are far more common than what we think.

[@dazedandconfusd]

Ofc he loves the “independence” of the Fed

[@user-vb8yf8be3l]

This is BS Infaltion was up 9 perrcent and it really was at least 12 but it is 4 percent on top of 9

[@sumitomoO0O]

We should follow Venezuela and Argentina into true wealth by setting inflation rates at zero

[@georgeorwell3501]

Yeah. And if printing (borrowing) $1 trillion is good, why not print $100 trillion and make us all rich. lol. This guy has a serious job and he knows nothing about reality or monetary policy and federal deficits.

[@dwardodwardo643]

2% compounded, what is that in 10 years? Then, what is 3.5% compounded? You smarter folks can do that math ;)

[@duardhamm8241]

He speaks gobbledgoop.

[@dhansel4835]

This is what happens to a nation when God removes his hand of protection.

[@thebrowndoecorporation5564]

8 years out the US is running 20 trillion dollar deficits per annum. Thats scary.

[@BretFromPhilly]

What qualifies him for that job, other than the fact that some of his ancestors were related to mine??? And what about the rest of Joe's cabinet?

[@MrGgabber]

He has a music degree

[@garyesada5766]

He's a fake.

[@prolific1518]

bernSTEIN... Somehow they always end up around a country's money.

[@Synthinthebasement]

Sucadic Jew hater

[@Synthinthebasement]

You'll always be poorer and jealous of Jews