Lael Brainard, a key economic adviser to President Joe Biden, shared her thoughts on the latest Consumer Price Index (CPI) report, pointing out that inflation has been steadily near pre-pandemic levels for the past four months. She acknowledged the challenges that rising prices have posed for working families but highlighted a positive aspect: since this Administration took charge, household incomes have risen by nearly $4,000 more than the increase in prices. Brainard assured that the Biden administration remains committed to reducing costs and supporting American families.
