Topic - Jared Bernstein

In a speech a couple of weeks ago, Jared Bernstein, who leads the Biden administration's Council of Economic Advisers, mentioned consumer caution as a reason why inflation is nearing the end of a “round trip” back to the Fed's 2% target level.

Americans' refusal to continue paying higher prices may be final blow for U.S. inflation spike →

After stumbling around, he said, “I mean, the government definitely prints money, and it definitely lends that money, which is why the government definitely prints money, and then it lends that money by, uh, by selling bonds.” After a few more similarly garbled statements, he finally admitted: “I don’t get it.” (If you think I am being unfair, you can watch his entire comments by going to the Washington

Hard economic lessons from Germany that many Americans seem to have forgotten →