Posted on 02/10/2022 9:59:37 AM PST by ChicagoConservative27
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.”
Bernstein told CNN’s “At This Hour” that the economic outlook from the January consumer price index is not as “grim” as it appears.
(Excerpt) Read more at breitbart.com ...
“Never go Full Retard”
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.”
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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.”
“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 .
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.
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.
Did CNN ask him why?
I’ll bet he believes that the 2024 ticket will be Biden/harris like Biden and Harris have stated.
Yep. LMAO
Head Shake.
There is explosive blow back from that statement. NOBODY believes that. Not even the ComDem’s. They know too.
And it will come down...unless, of course, it doesn't. We'll know this time next year.
he’s a terrible forecaster. surprised he’s got a job.
I expect to see flying pigs. Let’s see who is correct next year.
crash coming.....nothing beats good ol inflation like a nice economic crash...
OH yeah well I expect it to continue along with increasing interest rates.
Bad times. See Carter era
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
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.
Why and what will cause this to happen?
Why and what will cause this to happen?
It's worse.
He appears qualified. /S
What planet is this dude from?
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