WH Econ. Adviser: Canceling Loan Debt Is Putting a Log on the Fire with Inflation and Demand, But We Take an Equal-Sized Log Off

On Monday's broadcast of CNBC's "Squawk Box," White House Council of Economic Advisers member Jared Bernstein stated that forgiving student loans does put a log on the fire of demand and inflation, but it's canceled out by restarting payments on student loans, so it's "a bit of taking a log off the fire and putting an equal-sized log on it."