White House economic adviser Jared Bernstein recognized that inflation is “unacceptably high” in the United States, but refused to admit the country was headed toward a recession.
climate change initiatives, Bernstein said Biden recognizes the "urgency of taking action against climate change and building up our clean energy industries, which are so important for good American jobs going forward."
"This president has tackled aggressively climate change measures already," he added. "For example, he's tapped the Defense Production Act to significantly ramp up the production of clean energy. He has set the most rigorous emissions standards yet to be set in this country, and he has helped to jumpstart the offshore wind industry. Now, those are all measures that he took by the power of the pen through executive action and rule changes. And he will continue to do that.
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