Jared Bernstein

This is anything but a light switch.

You can't turn it on or off.

in a heartbeat because of the damage to the infrastructure that's been done, as you've heard, and because of some unique dynamics in energy markets.

We estimated what we think the gas price is going to do, the retail gas price, for the rest of this year.

It does not come back down, at least in our forecast, and I think that's quite consistent with others that I've seen to the pre-war level for the rest of this year.

This is anything but a light switch.

You can't turn it on or off.

uh in a heartbeat because of the damage to the infrastructure that's been done as you've heard and because of some unique dynamics in energy markets we estimated what we think the gas price is going to do the retail gas price for the rest of this year it does not come back down at least in our forecast and i think that's quite consistent with others that i've seen to the pre-war level for the rest of this year

This is anything but a light switch.

You can't turn it on or off in a heartbeat because of the damage to the infrastructure that's been done, as you've heard, and because of some unique dynamics in energy markets.

We estimated what we think the gas price is going to do, the retail gas price, for the rest of this year.

It does not come back down, at least in our forecast, and I think that's quite consistent with others that I've seen to the pre-war level for the rest of this year.

This is anything but a light switch.

You can't turn it on or off in a heartbeat because of the damage to the infrastructure that's been done, as you've heard, and because of some unique dynamics in energy markets.

We estimated what we think the gas price is going to do, the retail gas price, for the rest of this year.

It does not come back down, at least in our forecast, and I think that's quite consistent with others that I've seen to the pre-war level for the rest of this year.

Exactly right.

Yeah, more so.

I mean, I was Biden's chief economist when he was vice president and basically moved over to that role when he was president.

I started as a member of the Council of Economic Advisors and then I became chair a couple of years in.