Obama-Era Economic Adviser Tears Into Biden Spending Plans, Warns about ‘Embedded’ Inflation

Obama-Era Economic Adviser Tears Into Biden Spending Plans, Warns about ‘Embedded’ Inflation
Wall Street financier Steven Rattner, who would later serve as head of the Auto Industry Task Force under former President Barack Obama, attends an event in New York City, on Nov. 18, 2009. Neilson Barnard/Getty Images for Fortune Magazine
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

Steven Rattner, head of the Auto Industry Task Force under former President Barack Obama, is the latest Obama-era economic aide to sound the alarm on inflation, asking how the Biden administration could have gotten “this critical issue so wrong,” warning the Build Back Better plan could exacerbate inflationary pressures.

Rattner made the remarks in an op-ed for The New York Times, in which he challenged the “transitory” inflation narrative and urged the White House to “inject some real fiscal discipline into its thinking.”
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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