White House Not ‘Sitting on Our Hands’ About Inflation, Biden Adviser Says
- Administration addressing supply side issues on ports, chips
- Long-term price expectations anchored below 3%, Bernstein says
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The White House views inflationary pressures as temporary and is addressing supply crunches to limit price growth, according to one of President Joe Biden’s economic advisers.
“We’re focused on the economic boom. Now, when it comes to inflation, we’re far from sitting on our hands there, either,” Jared Bernstein, a member of the White House Council of Economic Advisers, said in a Bloomberg Television interview with Annmarie Hordern on Friday.