The U.S. Senate has narrowly confirmed Jared Bernstein to be the chairman of the White House Council of Economic Advisers.
FILE - Jared Bernstein listens during his confirmation hearing to be the chair of the White House Council of Economic Advisers, on Capitol Hill, April 18, 2023, in Washington. The U.S. Senate has narrowly confirmed Bernstein to be the chairman of the White House Council of Economic Advisers. A longtime aide to President Joe Biden and an economist focused on workers, Bernstein was confirmed by a vote of 50-49.
The Biden administration provided $1.9 trillion worth of pandemic relief in 2021, which some economists and Republican leaders say triggered inflation. Bernstein, then a member of the Council of Economic Advisers, defended the president for the job gains that occurred because of the government spending and said the high prices would be “transitory.” But by July 2022, he backed away from the “transitory” phrasing because it “led to a level of ambiguity that wasn’t serving the debate very well.
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