Upon Friday’s “MSNBC Prime, ” White House Council associated with Economic Advisers member Jared Bernstein refused to acknowledge he got inflation incorrect the same way Treasury Admin Janet Yellen earlier within the week admitted the lady got inflation wrong — in part due to her failing to fully understand supply complications — and argued that will what he said in 2021 “was very much the situation. ” And “I’m never going to re-litigate who was right plus who was wrong a year ago. ”
After actively playing a clip of Fossiles harz downplaying the longevity associated with inflation in October 2021, host Mehdi Hasan requested, “Do you want to join along with Janet Yellen and apologize for getting that analysis incorrect? ”
Fossiles harz responded, “No, I mean, the things i said then was completely the case. And, in fact , at that time, the Federal Reserve, just about any economic forecaster, the Congressional Budget Office were almost all saying what I said right now there. Look, I think the key issue right now is what are all of us doing to help ease costs at the pump? I’m never going to re-litigate who was right plus who was wrong a year ago. I wish to talk about what we’re carrying out now, and the president offers articulated three — the three-pronged approach. ”
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