Obama’s Former Top Economic Advisor Says Biden Spending Agenda Is Worsening Inflation

Jason Furman says Biden ‘poured kerosene on the fire’

Andrew Harrer/Bloomberg via Getty Images


A former top economic official for President Barack Obama decried the Biden administration for overstimulating the economy following COVID-19 and the lockdown-induced recession.

Jason Furman — who chaired the Council of Economic Advisers and currently works as a professor at Harvard University — told the Associated Press that although “a sizeable chunk of the inflation we’re seeing is the inevitable result of coming out of the pandemic,” policymakers “systematically underestimated inflation.”

“They poured kerosene on the fire,” he argued, pointing to Biden’s $1.9 trillion American Rescue Plan.

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