White House CEA Chair Bernstein talks VP Harris's econ plans
Vice President Kamala Harris has laid out some of her economic agenda, including a plan to crack down on what she says is price gouging by large food and grocery companies and proposals to stimulate the housing industry.
White House Council of Economic Advisers Chair Jared Bernstein sits down with Yahoo Finance Reporter Jennifer Schonberger to discuss VP Harris's policies and more.
In terms of her housing plans, Bernstein says: "If you listen to her plan, one of her concerns is investors buying up lots of single family homes, converting them to rentals and taking them off the single family market, leading to diminished supply there. I think her housing plan, which looks a lot like the one that President Biden has in our budget, is very much targeted at increasing the supply of the housing for the bottom half. I'd say affordable housing for moderate and low income folks."
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This post was written by Nicholas Jacobino