In an interview with 'Fox News Sunday,' White House Economic Adviser Jared Bernstein said that the January job report proves the U.S. is not in a recession.
White House Economic Adviser Jared Bernstein told "Fox News Sunday" that the job report proves the U.S. is "not recessionary."
"The rate of inflation has fallen six months in a row," Bernstein said, claiming that this is in part due to"actions this president has taken to shore up and unsnarl our supply chains, and to increase the supply of energy furthermore and moving into 2023 as the Inflation Reduction Act kicks in." BIDEN DRAGGED FOR TOUTING GAS PRICE DROP AS AMERICANS STRUGGLE TO MAKE ENDS MEET: 'WHAT PLANET ARE YOU ON?'
The inflation rate went from 7% in 2021 to 6.5% in 2022. Gas prices peaked at more than $5 per gallon last year and hit $3.60 in January. Bernstein dismissed reports that gas prices could hike again to $4 per gallon."I think it's very hard to look that far around the corner," Bernstein said."I think the president has taken decisive action and showed that he can provide some breathing room for people at the pump.
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