Biden official grilled by Hemmer, Perino on rising inflation, says WH won't change course
Fox News
Jared Bernstein reacts to the latest inflation report as Americans battle sky-high consumer prices and argues the Biden admin. doesn't need to pivot its economic 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. Supply chains, shipping costs, air freight costs are significantly down. Goods are getting to ship to shelf at the same level they did pre-pandemic." Bailee Hill is an associate editor with Fox News Digital. Story ideas can be sent to bailee.hill@fox.com
"Now go into this report, the one that came out this morning, and look at goods inflation. It was flat if you take out energy. Now, you mentioned that energy prices went up in September. In fact, according to this month's CPI, energy prices fell 2% in September, and gas prices fell."