Biden Chief Economist Tells CNBC Anchor Prices ‘Absolutely Are an Issue’

‘They’re affecting families where they are, but they’re also affecting sentiment and the outlook’

(Via Mediaite)

In a new CNBC interview, National Economic Council Director Brian Deese conceded that price increases due to inflation “absolutely are an issue” right now

On Friday morning’s edition of CNBC’s Squawk Box, co-anchor Joe Kernan hosted Deese for an interview on a range of topics that included the price inflation that has roiled President Joe Biden’s economic message for months.

Kernan pressed Deese about Sen. Joe Manchin’s consistent concerns over inflation with regard to the Build Back Better bill, asking “Don’t you think he can say, and don’t you think the people of West Virginia would say what he has been warning about has been validated? Why keep trying to just ram this through when he obviously is probably not going to go for it, and looks like he’s been vindicated and validated?”

Video files
Full
Compact
Audio files
Full
Compact
Similar stories
Ed Henry: Biden Chief of Staff Had Meeting with Big Democratic Fundraiser
CNN’s Jim Sciutto Asks Biden Official Why We Need Infrastructure Package ‘If The Economy Is Set To Boom’ After Big Jobs Report
Abbott on Biden Considering Paying Migrants Separated at Border: ‘Absolutely Disgusting’
Moody’s Chief Economist: Price Gouging Isn’t a ‘Significant Factor’ in High Inflation
Biden Chief Economist Blames Putin for Record-High Gas Prices, Hopes OPEC Will Help