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“It’s a long, strange trip to get back to where we started,’’ said Jared Bernstein, chair of Biden’s White House Council of Economic Advisers.
US manufacturers are stuck in a rut despite subsidies from Biden and protection from Trump →
In a speech a couple of weeks ago, Jared Bernstein, who leads the Biden administration's Council of Economic Advisers, mentioned consumer caution as a reason why inflation is nearing the end of a “round trip” back to the Fed's 2% target level.
Americans' refusal to continue paying higher prices may be final blow for U.S. inflation spike →
