Dem’s anti-price gouging bills are ‘pretty gimmicky,’ likely won’t bring down inflation: former Obama adviser
Fox News
Former economic advisor to the Obama administration Jason Furman criticized anti-price gouging bills being pushed by Democrats in Congress as “pretty gimmicky,” saying they likely won't impact consumers feeling the squeeze from high inflation.
"I think it is pretty gimmicky, these price gouging bills, because you know, you’ve got a lot of extra demand," Furman said. "What happens when demand goes up? Prices go up."
The average American is likely paying an extra $311 a month because of inflation, according to a recent Moody's Analytics analysis. The financial squeeze stems from the rising cost of everyday goods, including cars, rent, food, gasoline, and health care.
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