Biden Econ Advisor Cecilia Rouse Can’t Say When Americans Can Expect Relief From Sky-High Inflation

#shorts On 3/10/2023, Biden’s top econ couldn’t answer the question.

Biden Econ Advisor Cecilia Rouse Can’t Say When Americans Can Expect Relief From Sky-High Inflation

Reporter: So, I’m going to ask about the other thing today, the jobs report, if I could. (Laughter.) So, the average hourly wages in the jobs report is up 4.6 percent. The CPI inflation is 6.4 percent. That — its — inflation has been outpacing wages for about a year and a half. When can Americans expect that to reverse — relief from that?

Chair Rouse: So, we did see that on an annual basis — we saw some wage — the nominal wages went up slower than what we expect. We don’t have the CPI report for this month, but based on what we had in January.

Q: manufacturing lost 4,000 jobs

A: focus on any one month

Reporter: And on jobs, real quick. On jobs, manufacturing lost 4,000 jobs. With the focus on manufacturing here, what happened?

Chair Rouse: So, again, it — so, yes, but we had one month, and we don’t like to focus on any one month.

other clips of this published longer video is here: <a href=“https://youtu.be/nZ29TILCBuA\” rel=“nofollow”>https://youtu.be/nZ29TILCBuA

Biden Econ Advisor Cecilia Rouse Can’t Say When Americans Can Expect Relief From Sky-High Inflation

Key Points

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#shorts On 3/10/2023, Biden’s top econ couldn’t answer the question

• Biden Econ Advisor Cecilia Rouse Can’t Say When Americans Can Expect Relief From Sky-High Inflation

Reporter: So, I’m going to ask about the other thing today, the jobs report, if I could

• ) So, the average hourly wages in the jobs report is up 4
• That — its — inflation has been outpacing wages for about a year and a half