The Latest Breaking News from Jared Bernstein

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

The Independent UK · Feb 14, 2023

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.

Tribune News Service · Feb 5, 2023

Biden's soft landing message

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

Axios · Nov 21, 2022

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.

Reason · Sep 20, 2022

Biden adviser says Fed hikes are helping to cool housing prices

The U.S. Federal Reserve, which meets this week to decide on interest rates, has helped to cool the overheated housing market even though inflation across the country is still “uncomfortably high,” White House economic adviser Jared Bernstein said.

Tribune News Service · Sep 18, 2022

White House economic adviser predicts gas prices will continue to slide throughout July

Good news for consumers after weeks of national average price hovering around $5.00 per gallon

The Independent UK · Jul 18, 2022

US envoy confident Gulf oil producers will boost production

WASHINGTON — A U.S. energy envoy said he is confident Gulf producers will increase oil output after President Joe Biden’s visit to Saudi Arabia, where he met with regional leaders.

Tribune News Service · Jul 17, 2022