From The Epoch Times:
White House economic adviser Jared Bernstein has admitted that inflation in the United States is “unacceptably high” but said he does not see the country heading toward a recession.
Bernstein told “Fox News Sunday” on July 17 that factors such as Russia’s invasion of Ukraine and the current energy crisis are behind surging prices but noted that gas prices, while still too high, are “moving in the right direction,” which he said is “giving Americans some much-needed breathing room.”
“So, for example, inflation, which is unacceptably high—let’s get that clear right out of the gate—went up 1.3 percent in June. Again, an unacceptably high increase. Half of that increase is energy prices alone.
“Now, since then the price of gas has come down 50 cents a gallon. There are now 20,000 gas stations across this country where gas is below $4 a gallon.”
Not heading toward a recession, eh? My alt-media sources think we're already in a recession, but the current government is doing everything in its power not to admit that. And, woo-hoo! Down 50 cents a gallon! Wake me when we're back under $2 a gallon.
More good news (from CNN, no less):
Most Americans Are Discontented with Biden, the Economy, and the State of the Country
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