White House declares economy a ‘Biden boom’ despite rising inflation

National Economic Council Director Brian Deese speaks during the daily White House briefing in Washington, Thursday, December 9, 2021. (AP Photo / Susan Walsh)

OAN . editorial office
UPDATE 7:55 AM PT – Friday, December 10, 2021

The Biden administration has continued to ease inflation worries as it hits historic levels. Joe Biden’s top economic adviser, Brian Deese, recently tried to defend inflation as millions of Americans struggle to get the answers they demand.

At a press conference on Thursday, Deese stated that emerging inflation reports, such as the Consumer Price Index, use out-of-date data and can be taken out of context. A reporter then asked Deese if he could shed some light on what might happen with future inflation, however, no concrete answer was given.

This comes after Federal Reserve Chairman Jerome Powell said that temporary is no longer an accurate way to describe inflation and warned that factors pushing up inflation could extend into next year.

“What we believe the price hikes have raised is the level we are seeing, affecting American families and their pockets, and we need to do everything we can to address these issues,” the economic adviser said. the problem directly.

Deese continued in a general statement affirming inflation as a global problem, but the reporter demanded an answer.

While it seems Deese isn’t sure when or if prices will stabilize, he acknowledges that they could be long-term.

“Clearly, there is a risk that the upside becomes inherent in the long term,” he admits. “That’s going to be a real problem for the economy.”

Earlier this week, a recent survey from the Wall Street Journal found that 56% of US voters agree that inflation is causing financial stress with 28% saying it is severe. According to Brain Deese, on his Twitter, this economy is simply a “Biden boom and no one has realized it”.

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