Biden economic adviser says White House hasn't 'missed much at all' on inflation

Jared Bernstein said Monday on CNBC's "Squawk Box" that the White House hasn't missed much at all on inflation, adding "we don't sit on our hands" and hope the numbers come down.

Hanna Panreck is an associate editor at Fox News.

"To the extent that the White House missed this in terms of the inflation story, and I know you said that you've missed it before, we're not going to re-litigate that. But what I want to understand is what you think the lesson of it was and is to the extent that the public wants to know that there was a lesson, that you've learned it and that going forward you're going to approach this differently," CNBC host Andrew Ross Sorkin said.