White House Has 'Active Agenda' for Inflation: Bernstein

The video discusses the current state of inflation, the White House's economic priorities, and the role of fiscal policy. It highlights the importance of not over-interpreting short-term data and outlines strategies to manage price pressures, including work on ports, energy, and domestic chip production. The discussion also covers the impact of fiscal policy on economic growth and the potential release of oil from strategic reserves to manage energy inflation.

What are the two top economic priorities mentioned by the President?

• Fast growth and a tight job market

• Improving infrastructure and reducing debt

• Reducing taxes and increasing exports

• Lowering interest rates and increasing savings

What is the fiscal impulse in 2022 compared to 2021?

• Unchanged

• Neutral

• A big negative

• A big positive

Which act is mentioned as a long-term investment in domestic chip capacity?

• The Green Energy Act

• The Competes Act

• The Education Act

• The Infrastructure Act

What is one of the measures discussed to manage energy inflation?

• Releasing oil from the Strategic Petroleum Reserve

• Banning oil imports

• Subsidizing electric vehicles

• Increasing taxes on oil companies

What was the effect of the last release of 50 million barrels from the Strategic Petroleum Reserve?

• Gas prices increased by a dime per gallon

• Gas prices doubled

• Gas prices remained unchanged

• Gas prices fell by a dime per gallon