Top White House official retweets post calling inflation, supply chain issues ‘high class problems’
Prices are jumping in large part because container ships are stranded at ports and because unloaded goods are waiting for trucks
By Edmund DeMarche | Fox News
Ronald Klain, the White House chief of staff, was criticized online late Wednesday after he retweeted a post from a Harvard professor that summed up our top economic issues as "high class problems."
Jason Furman, Harvard’s Aetna professor of the practice of economic policy, said the country would not be faced with these issues if the unemployment rate was still 10%, an apparent reference to Federal Reserve Chair Jerome H. Powell's comments early this year when he said the unemployment rate in January was around that number.
Furman said if that unemployment rate was still a reality, the country would have "had a much worse problem."
https://twitter.com/WHCOS/status/1448473693651341317more
https://www.foxnews.com/politics/top-white-house-official-retweets-post-calling-inflation-supply-chain-issues-high-class-problems