During an interview with CBS on Friday, White House Council of Economic Advisers Chair Jared Bernstein responded to a question on how long it will take prices to drop if President Joe Biden is re-elected by stating that we have a good job market, wages are outpacing inflation, and Biden has cut some costs.
Host Elaine Quijano asked, “But in terms of a timeframe, Jared, if people try to look ahead and plan for their futures and budget for things like groceries and those tangible sort of everyday goods, what should they be looking at if there is any kind of potential timeframe in mind if the President is re-elected, how long would it take for prices to come down?”
Bernstein responded, “Well, again, I
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