White House economic adviser Jared Bernstein responded to inflation in June ascending to a 40-year record high and recession worries Wednesday on 'Your World.'
ECONOMIST LAFFER SAYS RECESSION IMMINENT AS INFLATION HITS 40-YEAR-HIGH: 'WORST OF ALL POSSIBLE WORLDS'Is the car slowing down or is the car stopping? I'm in the slowdown camp. You're worried about the stop camp.
The president has talked about the importance of growth decelerating from the breakneck pace of 2021 - the V-shaped recovery that helped bring us probably theI've seen in my long professional career - to a more steady and stable growth rate. So at this point, people are definitely benefiting from that 40-cent decline at the pump. They're still driving a lot. But gas prices, along with all these other categories, are still unacceptably elevated. And that's why we need more policy.
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