the war overseas having an impact at home as inflation is skyrocketing hitting a 40-year high in the u.s. with prices rising more than 8.5% from the first of the year. president biden blaming vladimir putin s war in ukraine. your family budget, ability to fill up your tank, none of it should hinge on whether a dictator declares war an commits genocide a half a world away. the former chairman of the council of economic advisors, austin, good to see you, sir. let s talk about it. nice to see you, don. how much of this 8.5% inflation rate can be blamed on the war in ukraine? despite what president biden says, inflation was a major concern way before putin s invasion. yeah, that s fair.
this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments. two tickets to nascar! yes! find rewards like these and so many more in the xfinity app. your family budget, your ability to fill up your tanks none of it should hinge on whether a dictator commits war or commits genocide a half a world away. whether a dictator declares war and commits genocide half a world away. president joe biden speaking this afternoon. the first time these used that word genocide to describe the war in ukraine. the president of the united states calling something a
welcome to way too early. it s coming up on 5:30 a.m. on the east coast, 2:30 out west. i m jonathan lemire, we re coming back from break a lit early. there s a lot to cover from the war in ukraine, starting here. for the first time, president biden has publicly called russia s actions there a genocide. your family budget, your ability to fill up your tank, none of it should hinge on whether a dictator declares war and commits genocide, a half a world away. comment ratchets up the rhetoric on the invasion. unlike when biden first called putin a war criminal, the president this time, isn t walking back these comments. yes, i called it genocide, it s becoming clearer and clearer that putin is trying to wipe out the idea of being able
rate is nowhere close to a record, with nearly 15% inflation in the early 1980s along with soaring unemployment. today a low unemployment rate of 3.6% and a strong demand for workers offers optimism about the prospect for a stronger economy ahead. in fact, we ve already made progress since march inflation data was collected. your family budget, your ability to fill up your tank, none of it should hinge on whether a dictator declares war and commits genocide a half a world away. reporter: as the president spoke about what he calls putin s price hike in the gasoline prices, he used the word genocide for the first time to refer to the atrocities being committed by russia towards ukraine. he said american pocketbooks should not have to be dictated by the genocide of a dictator half a world away. the white house has tried to shy away from using the word genocide. the president used it in iowa on tuesday. a central question for inflation, though,
when you need help it s great to be in sync with customer service. a team of reps who can anticipate the next step genesys technology is changing the way customer service teams anticipate what customers need. because happy customers are music to our ears. genesys, we re behind every customer smile. your family budget, her billet -y to fill up your tank, whether a dictator declares war and commands genocides a half a world away. whether the dictator declares war and commits genocide half a world away. president biden speaking this afternoon. it s the first time he s used