{"id":1408581,"date":"2022-03-29T20:45:14","date_gmt":"2022-03-30T00:45:14","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1408581"},"modified":"2022-03-29T20:45:17","modified_gmt":"2022-03-30T00:45:17","slug":"fmr-obama-economic-adviser-lowering-very-unacceptably-high-inflation-without-ruining-unemployment-gets-more-difficult-by-the-day","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fmr-obama-economic-adviser-lowering-very-unacceptably-high-inflation-without-ruining-unemployment-gets-more-difficult-by-the-day\/","title":{"rendered":"Fmr. Obama Economic Adviser: Lowering &#039;Very Unacceptably High&#039; Inflation without &#039;Ruining&#039; Unemployment Gets More Difficult &#039;by the Day&#039;"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">36<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffmr-obama-economic-adviser-lowering-very-unacceptably-high-inflation-without-ruining-unemployment-gets-more-difficult-by-the-day%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1408581&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<p>On Tuesday\u2019s broadcast of the Fox Business Network\u2019s \u201cCavuto: Coast to Coast,\u201d Harvard Professor of the Practice of Economic Policy Jason Furman, who was Chairman of the Council of Economic Advisers under President Barack Obama said that it \u201cgets more challenging\u201d to bring down the \u201cvery unacceptably high\u201d levels of inflation without \u201cruining\u201d low unemployment every single day and that \u201cthe American Rescue Plan has played a role in that inflation.\u201d<\/p>\n<p>Furman began by saying, \u201cI think the truth is that gas price inflation mostly is due to the fact that President Putin invaded Ukraine and the set of events that fell out of that. Everything else on gasoline prices is tiny compared to that. \u2026 I think the rest of the inflation would still be a problem even if it weren\u2019t for gas price inflation. And absolutely\u2026I think the American Rescue Plan has played a role in that inflation. I think the Fed being behind the curve has played a role in that inflation. Now, what\u2019s most important is what we\u2019re doing about it going forward. Right now, most of the answer is in the Fed. I think he\u2019s appointed good people to the Fed. Those people are advancing through the confirmation process. And we\u2019ve seen Jay Powell really shift towards saying his main problem, our main problem as a country is inflation, and he\u2019s exactly right, now he needs to do something about it.\u201d<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>He added, \u201cI mean, this is an economy where the glass is partly full and partly empty. The full part is the 3.8% unemployment rate. Americans are talking in a pessimistic manner, but they\u2019re not behaving in a pessimistic manner. You look at the spending numbers, people feel great about the economy. They\u2019re out there. They\u2019re spending money. They\u2019re buying things. But inflation is very unacceptably high. It\u2019s a real problem and it affects everyone. So, there\u2019s a good and a bad. I think if the Fed can land this plane, maybe they can bring the inflation down without ruining the other part of it. But that gets more challenging to sort of do that tricky plane landing by the day.\u201d<\/p>\n<p><em>Follow Ian\u00a0Hanchett on Twitter\u00a0<a class=\"x5l\" href=\"https:\/\/twitter.com\/IanHanchett\" target=\"_blank\" rel=\"noopener external\">@IanHanchett<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Tuesday\u2019s broadcast of the Fox Business Network\u2019s \u201cCavuto: Coast to Coast,\u201d Harvard Professor of the Practice of Economic Policy Jason Furman, who was Chairman of the Council of Economic<\/p>\n","protected":false},"author":33,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1408581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1408581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1408581"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1408581\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1408581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1408581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1408581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}