Jared Bernstein on Economic Legacy, Inflation Battle

Jared Bernstein, chair of the White House Council of Economic Advisers, reflects on his tenure, focusing on the fight against inflation, the impact of fiscal stimulus, and the importance of Fed independence. He discusses the economic achievements under the Biden administration, including low unemployment and wage growth, while addressing concerns about inequality and wealth concentration. Bernstein emphasizes the need for careful economic policies to avoid inflationary pressures and supports the idea of maintaining Fed independence.

What concerns did Bernstein express regarding the incoming administration's economic policies?

What was the president's view on the concentration of wealth and power in America?

How did Bernstein relate the concept of economic inequality to the policies discussed?

What was the historical achievement related to unemployment during Biden's administration according to Bernstein?