White House on Elevated PCE Inflation: We're 'Doing So Well' -- House GOP Should See People Made 'a Lot of Sacrifices'

On Friday's broadcast of CNBC's "Squawk on the Street," White House National Economic Council Director Lael Brainard reacted to the August personal consumption expenditures (PCE) price index showing the inflation rate going up 0.4% on a monthly basis and 3.5% on a yearly basis with core PCE going up 0.1% on a monthly basis and 3.9% on a yearly basis by stating that it's "absolutely good news." She also responded to questions on the rate still being high and other factors that could keep inflation high by stating that the economy is "doing so well." But also stated that "House Republicans should be recognizing the American people have made a lot of sacrifices."