The Fed maneuvering 'tricky plane landing' to bring inflation down: Ex-Obama economist
US' 'main problem' is inflation and the Fed's the answer, Jason Furman says on 'Cavuto: Coast to Coast'
Former Obama Economic Council Chairman Jason Furman argues it will become more challenging for the Fed to bring inflation down ‘by the day.’
Former Obama Economic Council Chairman Jason Furman said inflation is "very unacceptably high" on "Cavuto: Coast to Coast" Tuesday, warning the Federal Reserve's "tricky plane landing" to bring record-high levels down gets more challenging by the day.
BIDEN PITCHES LARGEST TAX INCREASE IN HISTORY AS INFLATION RAGES
JASON FURMAN: This is an economy where the glass is partly full and partly empty. The full part is the 3.8% unemployment rate. Americans are talking in a pessimistic manner, but they're not behaving in a pessimistic manner... People feel great about the economy. They're out there, they're spending money, they're buying things.
Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on Capitol Hill in Washington, U.S., December 1, 2020. (Susan Walsh/Pool via REUTERS/File Photo)
But inflation is very unacceptably high. It's a real problem and it affects everyone. So, there's a good and a bad. I think if the Fed can land this plane, maybe they can bring the inflation down without ruining the other part of it. But that gets more challenging to sort of do that tricky plane landing by the day.
WATCH THE FULL INTERVIEW BELOW
Former Obama Economic Council Chairman Jason Furman says Fed Chair Jerome Powell needs to do more to tackle inflation.