by Ian Hanchett
Breitbart.com
During an interview with ABC News on Thursday, White House Senior Adviser Gene Sperling stated that “people have been through a tough few years” but the PCE (Personal Consumption Expenditures) price index reading is “very close to normal” and “prices are moving in the right direction” and “moderating.” But you can’t expect them to not go up.
Sperling said, “It’s been a tough few years since the pandemic,” but “inflation is coming down. In fact, it was really 2.4% in this measure, 2.8% if you don’t include food and gas. And that’s not good enough, but it is very close to normal. And there are a lot of different areas where you have seen prices come down.”
He added, “I think people have been through a tough few years and they went through 2022 when you had the variants and the global economy was getting back and you had supply chain issues and they saw prices come up.