Jared Bernstein, former Chair of the White House Council of Economic Advisers, discusses the US ending the De Minimis exemption for shipments and how this may impact US consumer prices. He also talks about the emergency hearing today on Fed. Governor Lisa Cook ending with no decision, and what President Trump's attempt to fire Cook means for Fed independence, inflation, and public trust. Jared Bernstein talks with Joe Mathieu on the late edition of Bloomberg's "Balance of Power."

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