CNBC’s Andrew Ross Sorkin on Wednesday lashed out at White House economic adviser Heather Bushey over whether the Biden administration was planning to boost inflation when the president passed several spending policies. .

The panel discusses President Joe Biden’s upcoming speech on “Bidenomics,” and is expected to tout what the administration believes to be an achievement.

“I just want to stay on the same path here, that’s the feeling, Joe mentions it, there’s a feeling, it’s not necessarily a question of employment, it’s a question of wages, Becky mentions. What we’re doing is inflation talk, and what I’m trying to do.” Please understand that part of the stimulus plan is well-intentioned, and the health of the economy in the long run. Are you completely against the idea that it could be very good for you too, Heather? Has inflation gotten worse in the long run? Are you totally against the idea? asked Sorkin.

“So here’s the problem. The country was rocking when we introduced those policies. We had high unemployment, an out-of-control pandemic, and of course a year later In 2003, Putin’s ill-founded war broke out in Ukraine and shook global energy prices.It was a series of shocks and of course a pandemic.We all know that research and it I started to see the impact it had on my mental health, and how difficult this was for my family, and yes, this was a difficult time, but as we implement this policy, the President is committed to helping our communities, We wanted to make sure that people, all of our states, had the resources they needed to get through the pandemic and get to the other side.”

“I think I’m asking one thing—” Sorkin tried to interject. (Related: Pelosi says anti-inflation law ‘very beautiful name’)

“Let me end my argument here. It’s very fast, much faster than humans—” Bouchey said before Sorkin intervened.

“It was part of the calculus idea – to want to understand, even if it was true, it was part of calculus, to prefer to get a job even if you knew you were going to. was — I’m going to go even if it’s the margin, even if I want to blame the Fed completely, I’m going to increase inflation on the margin.Was that a deliberate calculation or did you make that decision Did something happen that was unexpected when it happened? That’s why I think we are trying to understand.”

Bushey said inflation is a global problem, but the Biden administration “introduced policies to achieve higher growth than our economic competitors, but failed to get ahead of us on inflation. That’s why we I’ve seen families in America,” he said. advantage. “

The Biden administration announced Monday that it will invest $40 billion in “high-speed internet” across the country as part of “Bidenomics.”

Meanwhile, inflation is still soaring to 4%, and EJ Antoni, a regional economics researcher at the Heritage Foundation Data Analytics Center, told the Daily Caller News Foundation that “bidenomics” means “the president hasn’t learned the lesson of spending.” It shows that,” he said. Inflation accelerates. “

In August, Mr. Biden signed a so-called anti-inflation bill that would spend billions on healthcare, climate change and prescription drug policy despite Penn Wharton’s budget proposal. model “Inflation will rise only slightly until 2024, after which it will fall,” the bill said.