White House's Bernstein: recent economic data point to 'real momentum' for 2024

Jared Bernstein, chair of the White House Council of Economic Advisers, said higher consumer spending over the holiday season, real wage gains over the last nine months and a recent rise in consumer confidence pointed to a good start for 2024.

Bernstein told "Fox News Sunday" that President Joe Biden would continue to focus on lowering costs for Americans if elected to a second term.

"If you actually look at the trend in the economy ... I think you see some real momentum getting us in a good start for the new year," Bernstein said.