New economic data shows inflation ticked higher in June to 2.7%, prompting many economists to agree with Federal Reserve Chair Jerome Powell’s decision to keep interest rates steady. President Trump and his economic team launched fresh criticism of Powell over his approach. Former National Economic Council of Advisers Chairman under President Biden, Jared Bernstein, joins Alex Witt to discuss. For more context and news coverage of the most important stories of our day click here: https://www.