White House Council of Economic Advisers Chair Jared Bernstein discusses the state of the economy under President Joe Biden, highlighting a strong job market, wage growth outpacing inflation, and cost-cutting measures. Bernstein emphasizes that the administration is focused on cutting taxes for the middle class and ensuring the wealthy pay their fair share.
Key Points
Record employment rates for women
Wage gains exceeding price increases for over a year
Focus on reducing costs through tax cuts and fighting junk fees
Pros
Strong job market with high employment rates for women
Wage growth outpacing inflation for 13 consecutive months
Focus on cutting taxes for the middle class and reducing costs for consumers