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Transcripts For FOXNEWS The Faulkner Focus 20240707

president biden yesterday claimed a win when he signed that massive tax and spend bill into law. and given the obvious name about reducing inflation, the administration has been selling it as the solution to inflation. fox news s own neil cavuto pressed white house economic advisor on when and how this law could ever lower inflation. it won t help in any other area including some of the sharp rise in food prices that have now just not gone down. they have not subsided. the inflation reduction act is not the only initiative we re engaged in. why do you call it the inflation reduction act? i think a year from now inflation will be rising at a slower rate than it is now. harris: he thinks a year from now it will still be rising. okay. studies by the congressional budget office and the university of pennsylvania s wharton school of business have found this information. the spending spree that they are on will have technically zero impact on inflation and could make thin

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