White House admits inflation is 'unacceptably high,' denies US in recession as Biden pushes climate spending

Jared Bernstein, a member of the White House Council of Economic Advisers, admitted Sunday that inflation is "unacceptably high," while also stressing that President Biden would not back down on climate change spending initiatives and does not see the country as headed toward a recession. 

Fox News host Shannon Bream noted that about a year ago to the day, President Biden said that no serious economist thought that the U.S. would enter a period of unchecked inflation. His remarks came when the U.S. had at 5.4% inflation, while the U.S. is...