During an interview with Bloomberg aired on Thursday’s “Balance of Power,” White House Council of Economic Advisers Chair Jared Bernstein stated that “strong demand” did help cause inflation and he accepts that the upward pressure on prices from COVID stimulus

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During an interview with MSNBC aired on Thursday’s broadcast of “The Last Word,” President Joe Biden stated that he decided to proceed with massive stimulus spending despite warnings that it would create inflation by people like Harvard Professor Larry Summers

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