Jared Bernstein Discusses Persistent Inflation Concerns

In this video, former Council of Economic Advisors Chair Jared Bernstein discusses the potential persistence of inflation, as indicated by recent Consumer Price Index (CPI) and Producer Price Index (PPI) data. Bernstein suggests that while the current inflationary pressures are different from those experienced in 2021 and 2022, there is a concern that these pressures could persist. He also expresses worry about the impact of rising interest rates on consumers, given the current high U.S. debt level.