Psaki Attempts to Explain Away W.H. Chief of Staff Klain’s Tweet Calling Inflation a ‘High Class’ Issue

‘Jason Furman, of course, is more than capable of speaking or tweeting for himself’


PSAKI: "So, you think two tweets means more? I'm just curious. So, just for context, what Ron Klain retweeted was a tweet from the former chairman of economic advisers Jason Furman, where he said — for a full context, which I think is important — most of the economic problems we’re facing — inflation, supply chains — are high class problems. What he went on to say is we wouldn’t have had them if unemployment rate was still ten percent. We would instead have had a much worse problem. So I think the point here is while there are some critics who are saying — what some of these critics are saying is I don’t — we don’t know, if they’re saying that what they thought was great was when the unemployment rate was double what it is today or when people were locked in their homes and therefore gas prices were lower. We’re at this point because the unemployment rate has come down and been cut in half because people are buying more goods, because people are traveling and because demand is up and because the economy is turning back on.”

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