White House economic advisor on inflation: We are encouraged by some of the trends

Yahoo Finance published this video item, entitled “White House economic advisor on inflation: We are encouraged by some of the trends” – below is their description.

#inflation #consumerspending #higherprices

Michael Pyle, Chief Economic Adviser to Vice President Kamala Harris, joins Yahoo Finance Live to discuss inflation data and the administration’s outlook on the U.S. economy.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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In This Story: Kamala Harris

 

Kamala Devi Harris is an American politician and attorney who has served as the junior United States senator from California since 2017. She is the Democratic vice presidential nominee for the 2020 election.

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