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Economist Cecilia Rouse Leaves White House, Member Of Biden Team Who Missed Inflation Call

The most important fed meetings in recent memory. that's because for the first time in a long time, the united states is dealing with elevated inflation. and this sticker shock is getting worse and it's squeezing everyday american families. now the high cost of living is certainly weighing on the president's poll numbers. but it's really the federal reserve, not the white house, that's responsible for maintaining price stability. and right now, there's anything but price stability. the fed has come under fire from critics because for months, the chairman, jerome powell, he said that inflation ...

Inflation under control is pass this their $3 trillion bill. inflation in the past got so bad the fed had to slam the breaks on the money supply, robert, you may remember, we had a gut-wrenching recession that threw millions out of work. >> sandra: that is a risk. robert, you are saying they are not to blame unless they refuse to change the strategy. a former obama academyist has a solution, he says it, here is his words, listen. >> the characterization of inflation is transitory, probably the worst inflation call in the history of the federal reserve. it results in high probability of a polic...