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The Latest Breaking News from Jared Bernstein

White House economist: Affordable housing has 'ROI problem'

“From the perspective of developers, building affordable housing just does not pencil out.”

Fortune

Americans' refusal to keep paying higher prices may be dealing a final blow to US inflation spike

The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it

The Independent UK

President's Inflation Rate Claims Spark Controversy

Debate over White House's inflation rate claims and efforts to address economic challenges.

Top News

Biden's economic guru insists both Wall Street and Main Street can celebrate another strong jobs report as the market yawns

“At the end of the day, this idea that what's good for Main Street is bad for Wall Street is not really correct,” Jared Bernstein, chair of the Council of Economic Advisers, told Fortune.

Fortune

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Economy looking up, but Americans are feeling down

The larger impact of the pandemic goes well beyond prices. It has damaged our national confidence, our ability to believe in the future.

Chicago Sun-Times

US oil production hits all-time high, conflicting with efforts to cut heat-trapping pollution

United States domestic oil production has hit an all-time high last week, contrasting with efforts to slice heat-trapping carbon emissions by the Biden administration and world leaders

The Independent UK

During historic auto strike scaring Wall Street, Biden’s economic advisor says workers want a ‘fair slice’

Council of Economic Advisers Chair Jared Bernstein claims the UAW strike is actually a sign the economy is doing well.

Fortune

Race against time to avert biggest US autoworker strike in generations

Ford, General Motors and Stellantis push for resolution with UAW union to prevent industry’s biggest strike in generations

The Guardian - US

Biden economic adviser says Bidenomics is working (but here's what isn't)

"It's not working — your message," CNBC host Joe Kernen said on Tuesday morning.

The Street

Wall Street buys into Bidenomics, with the top economists at Goldman and other banks saying we could really dodge a recession

The White House is taking a victory lap, and economists at Goldman Sachs and JPMorgan are offering rosier economic forecasts.

Fortune

Commentary: The pay-cut president prolongs people’s pain

The Biden administration has a proclivity for choosing people with abysmal track records for top political appointments. Consider Jared Bernstein.

Tribune News Service

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The Independent UK

Senate just barely confirms Bernstein as Biden's economic adviser

The U.S. Senate has narrowly confirmed Jared Bernstein to be the chairman of the White House Council of Economic Advisers

The Independent UK

Biden's pick for top WH economist faces Senate grilling

President Joe Biden’s next pick to lead the Council of Economic Advisers is bracing for a barrage of political attacks centered on how the White House has tackled inflation

Axios

Departure of top Biden economic adviser leaves West Wing power vacuum

Deese was instrumental in delivering Sen. Joe Manchin’s vote for Biden’s signature bill.

The Independent UK

AP source: Biden to name Brainard to head Economic Council

President Joe Biden plans to name Federal Reserve Vice Chair Lael Brainard as the new director of his National Economic Council

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news in one place.

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Tribune News Service

Biden aide says negotiation on debt ceiling is ‘nonstarter’

WASHINGTON — A White House economic adviser said negotiations over raising the U.S. debt ceiling are an “absolute nonstarter” for President Joe Biden, though he’s ready to discuss spending with congressional Republicans.

Axios

Biden's soft landing message

The Biden administration has developed a mantra when talking about the economy.

WEKU

How Biden changed his tune on inflation as prices soared and the midterms loomed

At first, the White House said inflation would be a temporary issue. But it quickly became the top economic priority — and major source of midterm political pain — for President Biden.

The Independent UK

Biden looks to increase oil supplies ahead of midterm voting

President Joe Biden wants to past fossil fuels but he's looking to increase oil supplies ahead of next month’s midterm elections

Tribune News Service

White House’s Rouse says Fed inflation push starting to work

The Federal Reserve’s interest-rate hikes to bring inflation under control are starting to work, while President Joe Biden is doing everything possible to support the U.S. central bank, two administration economic advisers said.

The Guardian - UK

Forget trickle down, what the UK needs is middle-out economics

Liz Truss is banking on a failed policy. The focus should be on the real driving force behind economic growth

Reason

Expected Interest Rate Hike Will Add $2 Trillion to the Deficit

So much for the idea that low interest rates meant the government could borrow endlessly with no consequences.

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