CNN Calls out W.H. Economic Adviser over Biden’s Claim that Inflation Is Transitory: It Was Not

EXCERPT:

BOLDUAN: "President Biden on December 10th said that he thought inflation was at its peak. The quote was, I think it’s the peak of the crisis. It was not. And I remember very clearly our conversations over the summer when you were talking about inflation being transitory, it was not. Are you being clear eyed enough about what’s going on here?"
BERNSTEIN: "Absolutely. I mean, I think the thing to recognize is that our team at the insistence of the president is focused on not just the month to month ups and downs, but on the underlying trends and there you have to appreciate the fact that --" [crosstalk]
BOLDUAN: "Yeah, but I’m talking about underlying trends. The trends are not --"
BERNSTEIN: "Yeah, and --"
BOLDUAN: "-- go ahead."
BERNSTEIN: "-- so that -- and so that’s the point. We’re going to get some months coming better, some months coming worse, probably when the president said that Omicron wasn’t going quite in the picture yet.”