Posted on 05/14/2021 2:15:36 PM PDT by conservative98
The White House admitted Friday they were surprised by the rise in consumer prices in March, the largest jump since 2008.
“So we hadn’t forecasted that. The forecasters hadn’t expected that,” White House Chair of the Council of Economic Advisers Cecilia Rouse said, adding the Federal Reserve was also “a bit surprised by the jump.”
(Excerpt) Read more at breitbart.com ...
This White House is surprised Joe Biden wakes up everyday
Unexpected!
Drink!
Are these the same “experts” that expected 1,000,000 new jobs last week?
They learned about it when you did, in the news
20% of all the dollars in existence were created since the start of 2020 - yet inflation is “unexpected”.
Not only did Joe wake up yesterday, he strongly demanded that the President do something about this problem.
Thanks! I needed that!
News flash, Weimar Republic shocked by inflation.
They increase the money supply by a huge amount and keep the economy closed. Lots of dollars chasing fewer goods and services.
I wonder what that is called?
I could be a “forecaster” for Biden.
Jeez, you flood the economy with dollars that are backed only by politicians’ hot air and you DON’T expect inflation? Of course, what do you expect from the bunch that called for repealing the laws of physics when car execs told them that they could not produce a car that got 100 mpg because of physics.
Quote:
Rouse spoke to reporters at the White House press briefing Friday, offering some analysis of the recent bad economic numbers for the economy.
She argued part of the jump in consumer prices was a result of a month-to-month spike in used car sales. Used car prices jumped by 10 percent in April compared with March and up 21 percent from a year ago.
“We know that because of the American Rescue Plan, people were buying cars because many people were afraid of taking public transit, which is not good either,” Rouse said.
She also cited a 10 percent price increase in airline tickets, as more people were looking at traveling in the Summer.
Rouse told reporters to expect “some choppiness” in the economic numbers as the country continued to recover from the coronavirus pandemic.
And you keep throwing money out there when there are no goods to buy. So too much money and too few goods, prices go up.
A 21% increase sounds right on the money for used cars.
The used F-150s in the $26,000.00 range are now $31,000.00 a year older with more miles. Prices are insane for used.
Biden gets excited when they bring him his tapioca pudding because he can't remember he had some the day before.
BREAKING NEWS at pedo joe’s residence.
That’s b/c they don’t know what they’re doing... they’re relying on “forecasters”?
We’re being run to ground by a dementia laden Marxist.
They found out about reading the paper?
Money supply increases 25 percent in the last year, but inflation was unexpected.
Experts, all.
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