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Biden administration senior economic adviser Gene Sperling joined Martha MacCallum Friday to defend the White House’s celebration of the Inflation Reduction Act on “The Story.”
GENE SPERLING: I want to be clear, and this is my point whenever I talk about the economy. You should, of course, we should have a balanced view. We should all have a balanced view.
WHITE HOUSE PRESS SEC SAYS ‘WE’VE DONE THE JOB’ TO LOWER COSTS FOR FAMILIES AMID RECORD INFLATION.
It’s been a tough few years for the US and the global economy. We’ve been through the COVID, we’ve been through the variants, we’ve been through global inflationwe have gone through the energy impacts of this war in Ukraine.
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So there is no doubt that there was uncertainty. There have been in this economy and there have been both strong elements like job growth, and lower unemployment, and there have been difficult things like higher food prices that families still face.
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The celebration a the white house— Wasn’t that why we had solved inflation? Of course not. Yes, you’ve had two months when it’s been flat. Yes. It is the fall in general inflation. Yes. The PPI, the producer price index, fell again, but is still too high.
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