White House thinks inflation and supply-chain woes are ‘high class problems’

White House chief of staff Ron Klain endorsed former Obama administration economist Jason Furman’s claim that the country’s inflation, supply chain, and other economic problems only affect a small part of the U.S. population.
Furman, the chairman of former President Barack Obama’s Council of Economic Advisers and an economics professor at Harvard University, tweeted Wednesday night that “most of the economic problems we’re facing … are high class problems.”
WHITE HOUSE INSISTS INFLATION IS DECREASING AFTER RECORD-SETTING NUMBERS
“We wouldn’t have had them if the unemployment rate was still 10%,” he continued. “We would instead have had a much worse problem.”
Klain, who frequently uses his Twitter account to amplify the White House’s policy focus, quoted Furman’s statement shortly after.

The White House has spent months downplaying concerning inflation signals, and on Wednesday, White House press secretary Jen Psaki suggested that the 5.4% Consumer Price Index increase for September 2021, the highest mark …

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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