Senator Warren Has to Explain Basic Math to Trump Economic Nominee

During a confirmation hearing for President Trump's economic adviser nominee, Christopher Phelan, Senator Elizabeth Warren highlighted a fundamental economic concept: that 4.2 percent inflation is greater than 3.4 percent. Warren used this point to underscore how rising inflation is outpacing wage growth, thus eroding Americans' purchasing power. This exchange sheds light on the broader economic challenges facing the nation, particularly the struggle to maintain wage growth in the face of significant inflation, which is critical for policymakers to address.