Transcripts for CNN Erin Burnett OutFront 20220211 00:07:00

CNN Erin Burnett OutFront February 11, 2022 00:07:00

president obama and john alvin, of course our senior political analyst. van, you hear president biden today. in the interview with lester holt, you know, obviously a little bit testy on the question of temporary, right? he and others across the administration had been calling this inflation temporary, starting last winner and all the way through the summer, right and here we are. so, you know, he makes the case inflation will taper off. not mentioning that would come with interest rates going up of course. but two months ago he said it's the peak of the crisis. so is is he making it hard for americans to trust him on this, van? >> look, i think he said the wrong thing for the right reason. in other words when you're the president of the united states, especially joe biden you're optimistic about america. >> yes. >> you don't want to come out and say something talking the economy down. he is trying to talk the economy up. turns out he was more optimistic than he should have been but i don't think he lost credibility. don't forget the tools available to him to fight inflation are not in the white house.

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