Fmr. Obama Econ. Adviser Furman: We've 'Done the Really Easy Disinflation' and It's Going to Get 'Harder'

On Wednesday's broadcast of CNBC's "Closing Bell: Overtime," Professor of the Practice of Economic Policy at Harvard University and the Harvard Kennedy School Jason Furman, who served as Chairman of the Council of Economic Advisers under President Barack Obama and on the Council of Economic Advisers and the National Economic Council under President Bill Clinton, stated that we've already "done the really easy disinflation" and it's only going to get harder from here. Furman also stated that it's "very unlikely" that inflation will reach the Federal Reserve's target level of 2% with the unemployment rate only rising to 4.5%, the figure the Federal Reserve had previously projected the unemployment rate to hit by the end of the year.