Jared Bernstein: Last News

President Biden's Secretary of Transportation and economic advisers were pressed on inflation and the state of the economy ahead of the midterm elections on Sunday.  CNN's Dana Bash asked Council of Economic Advisers Chair Cecilia Rouse about the September inflation report and the president's reaction to the numbers during "State of the Union" on Sunday. "The price of food is part of our inflation challenge," Rouse said.

The White House economic adviser, when grilled on concerns of a recession on Sunday, assured Americans that the answer to whether the Biden administration was doing everything possible to increase energy supply and drive down consumer prices is "unequivocally yes." In an interview on "Fox News Sunday," White House Council of Economic Advisers member Jared Bernstein provided his definition for recession and noted a $1.4 trillion deficit reduction this fiscal year, but host Shannon Bream interjected that the number is coming off massive COVID spending. Bernstein said noted that the figure is also influenced by receipts coming into the Treasury because of "how strong economy has been."  "We have an unemployment rate that is 3.5%.There is no recession that would prevail with that kind of unemployment rate.

U.S. Rep. Steve Scalise blasted Democrats on Sunday after he said Senior White House economic adviser Jared Bernstein was "bragging" about gas prices being lower today while the cost of fuel remains higher than when President Biden first took office last year.

The White House denied it should pivot its economic policies Thursday after September's consumer price index indicated Americans are still battling record-high prices just weeks before the midterms.  Jared Bernstein of the White House Council of Economic Advisers joined "America's Newsroom" to discuss the latest inflation data and why the Biden administration should not alter its current policy.  "Because the policies that we're doing to help mitigate and ease price pressures are having effect," Bernstein told Bill Hemmer and Dana Perino. "For example, look at the supply side of the economy.