W.H. Economic Adviser Bernstein: Europe's Inflation, Which Isn't as High as Ours, Shows Spending Isn't to Blame for Inflation

On Thursday's broadcast of CNN's "New Day," White House Council of Economic Advisers member Jared Bernstein argued that inflation numbers in Europe, which are "not quite as high as ours," undercut the argument that "somehow U.S. spending was responsible" for inflation.