Posted on 02/14/2024 6:37:03 AM PST by ChicagoConservative27
On Tuesday’s broadcast of CNBC’s “Money Movers,” White House National Economic Council Director Lael Brainard reacted to the January CPI inflation report by stating that there are probably “some anomalies in today’s report” and that overall data on the economy is good. She also argued that grocery corporations are gouging.
Brainard said, “You know what, I always look at the data picture. I don’t overly weight one data point. And the overall picture looks good. Growth above 3, unemployment below 4, and inflation down by two-thirds, now, of course, we want to keep working to lower costs for the American people, but inflation has come down a lot while employment and growth have remained strong. One data point I just noticed today, or one milestone I noticed today is that, actually, real wages are up by 3.4% over the cycle. That means that Americans have more money to spend at the end of the month. That is the best real wage performance of any recovery in 50 years.
(Excerpt) Read more at breitbart.com ...
Sure doesn’t. I’m surprised that DJT’s Admin didn’t try to break that up — maybe they did try — and the corrupt, weaponized DOIJ refused to do so...
Gas just went up 30 cents, lol.
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