There are ‘really encouraging’ economic signs like the recent ‘effectively flat’ inflation

On Friday’s broadcast of MSNBC’s “Hallie Jackson Reports,” White House Communications Director Kate Bedingfield responded to the stock market’s tumble and how it fits with the White House’s optimistic economic message saying, ” there are very encouraging signs that we are making significant economic progress.” like inflation being “effectively stable over the past two months,” and that Republicans want to take away voting and abortion rights.

Host Hallie Jackson asked: ‘Republicans, Kate, making it clear that they’re going to run, as you know, partly on inflation and the economy, because we have this split screen now, today, for example, with falling markets, something like 800 points on those higher interest rates. How do you square that with the optimism the White House has projected about economic conditions ahead of the midterms?

Bedingfield replied, “Well look, first of all there are very encouraging signs that we are making significant economic progress. I mean, under President Biden, we’ve created historic numbers of jobs, real wages have gone up over the last two months, inflation has been flat, or effectively flat over the last two months, prices prices have fallen for 14 straight weeks. So we’re seeing some really encouraging signs here. And I think what’s important is – and you’ve heard the president talk about this today, there is real choice for people. There is a choice between an agenda that congressional Republicans are proposing which is to take us backwards, which is to deprive people of their rights, to deprive women of the right to choose, to deprive people of the right to vote, and — or the Biden and Congressional Democratic agenda, which is to cut costs, protect your rights, tackle the climate crisis, push for an assault weapons ban. I mean, these are things that are going to make a difference in people’s lives. The choice couldn’t be clearer here and I think you’ve seen it very clearly stated by both the President and Mr. McCarthy today.

Follow Ian Hanchett on Twitter @IanHanchett


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