Lael Brainard slams food companies for ‘shrinkflation’ as White House attacks price gouging

National Economic Council Director Lael Brainard on Tuesday blamed higher consumer prices on “shrinkflation,” doubling down on the latest battlefront of President Joe Biden’s corporate pressure campaign. “If you look at some of the staples, like eggs or milk, they have come down. But consumer brands, instead of actually lowering prices, they’ve shrunk packaging,”...