Another Obama-era economic advisor put out a warning about figures after May figures revealed that the has jumped to a 41-year-high at 8.6 percent. The new figures blew past expectations and dashed any hope that consumer price increases had peaked. Gas prices, meanwhile, are averaging at $4.98 a gallon, according to AAA, well beyond double what they were when President Biden took office.'Look, right now, you know, if you tamp down on the economy, you're going to slow price growth and you're going to slow wage growth. I don't have any obvious answer for which one of those slows more than the other,' top Obama economist Jason Furman said on CNBC Friday morning.
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