WH Economic Adviser Bernstein: ‘I Expect Inflation to Come Down Significantly in 2022

Breitbart ^ | 02/10/2022 | Trent Baker

[Zathras]

“Never go Full Retard”

[Flick Lives]

White House Council of Economic Advisers member Jared Bernstein on Thursday predicted the 40-year high inflation rates in the United States would “come down significantly in 2022.”

—

Uh huh. We can trust what he says.

Back about a year ago, in April 2021, he said ...

“Such a transitory rise in inflation would be consistent with some prior episodes in American history coming out of a pandemic or when the labor market has quickly shifted, such as demobilization from wars,” Bernstein and Tedeschi wrote. “We will, however, carefully monitor both actual price changes and inflation expectations for any signs of unexpected price pressures that might arise as America leaves the pandemic behind and enters the next economic expansion.”

https://www.bloomberg.com/news/articles/2021-04-12/white-house-says-coming-months-inflation-bump-to-be-transitory

[HereInTheHeartland]

“predicted the 40-year high inflation rates in the United States would “come down significantly in 2022.”

These idiotic “predictions “ need to be held up for review later this year when all know now this is ludicrous .

[cuban leaf]

I applied this perspective to all people in political positions, including Trump: ignore what they say and watch what they do. We’d be a lot better off if the whole nation did that.

[JayAr36]

WH Economic Adviser Bernstein: ‘I Expect Inflation to Come Down Significantly in 2022

And I expect the tooth fairy will alleviate my financial woes.

Believing anything coming from this administration must also believe in the tooth fairy.

[EQAndyBuzz]

Did CNN ask him why?

[1Old Pro]

I’ll bet he believes that the 2024 ticket will be Biden/harris like Biden and Harris have stated.

[Texas Fossil]

Yep. LMAO

Head Shake.

There is explosive blow back from that statement. NOBODY believes that. Not even the ComDem’s. They know too.

[DoodleDawg]

WH Economic Adviser Bernstein: ‘I Expect Inflation to Come Down Significantly in 2022

And it will come down...unless, of course, it doesn't. We'll know this time next year.

[avital2]

he’s a terrible forecaster. surprised he’s got a job.

[zek157]

I expect to see flying pigs. Let’s see who is correct next year.

[cherry]

crash coming.....nothing beats good ol inflation like a nice economic crash...

[Principled]

OH yeah well I expect it to continue along with increasing interest rates.

Bad times. See Carter era

[atc23]

Indeed. Any of us that saw what happened in Japan in the 1970’s with their hyperinflation crisis knows that it took several years to clear out that money and restore monetary balance in the system. My question is, why did the Fed think our result overprinting greenbacks would be any different than when the Japanese overprinted the Yen? Inflation has no regard for language or race, it is what it is - it’s just physics

[Seaplaner]

Well yes after lying about the 30-40% inflation that has all ready happened, I am sure the Bare Shelves Biden Democrats will lie about the 15-20% increase next year

I suspect that you are correct, that the true level of inflation is, and will be, much higher than the obscene level reported.

And yes, runaway inflation is a familiar partner with bare shelves.

[mulligan]

Why and what will cause this to happen?

[mulligan]

Why and what will cause this to happen?

[BookmanTheJanitor]

Bernstein told CNN’s “At This Hour” that the economic outlook from the January consumer price index is not as “grim” as it appears.

It's worse.

[BookmanTheJanitor]

Bernstein graduated with a bachelor's degree in music from the Manhattan School of Music where he studied double bass with Orin O'Brien. He also earned a Master of Social Work from Hunter College as well as a master's degree in philosophy and a PhD in social welfare from Columbia University.[4]

He appears qualified. /S

[The_Media_never_lie]

What planet is this dude from?