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The Latest Breaking News from Jared Bernstein

The 'rockets and feathers' effect: Inflation eases but grocery bills do not

Economics has a term for what U.S. grocery prices have done in recent years

The Independent UK

Americans rewire their grocery shopping routines while digesting the biggest price jump in 50 years

Living through the biggest jump in grocery prices in a half-century has many Americans changing their eating and food shopping habits

The Independent UK

U.S. Workers Are Becoming More Productive Than Ever. Economists Say AI Isn't the Main Reason Yet

American workers are producing more output than in recent decades, but economists say artificial intelligence is not yet the primary driver of the surge.

International Business Times

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Americans are feeling the pain of the affordability crisis: ‘There’s not any wiggle room’

The costs of groceries, housing, childcare, education and healthcare have become intolerable to many

The Guardian - US

Elon Musk and some Democrats like Reid Hoffman actually share common ground on U.S. debt

LinkedIn cofounder and top Democratic donor Reid Hoffman said he's "very sympathetic" to Musk's core cause of reining in deficits.

Fortune

The U.S. debt outlook is so dire it now resembles the student loan crisis, former White House economic adviser says

"I, like many other longtime doves, am joining the hawks, because our nation’s budget math just got a lot more dangerous."

Fortune

Trump says Biden caused the economic downturn. That’s malarkey

The US president is blaming ‘Biden’s economy’. In fact, there is one key cause of the poor showing – and it’s not his predecessor

The Guardian - US

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Joe Biden hasn’t vanished, but here’s why it might feel that way - Roll Call

Joe Biden has been active lately, even if it may feel otherwise. But his disconnect with voters endures and a top aide had an explanation.

Roll Call

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

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Fortune

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.

Chicago Sun-Times

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.

The Independent UK

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

Fortune

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.

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The Guardian - US

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

Fortune

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.

Tribune News Service

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.

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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