administration is taking action to eliminate these fees. who knows how long it is will take for that to have a real impact or whether it is will be something people can actually feel with costs at the register running near 40 year highs? the head of goldman sachs is saying there has to be a pivot in leadership to address this changing world we are in. he is chiming in with wall street executives like jamie diamond saying different choices need to be made. we have a significant recession in the u.s. or elsewhere in the world we will work through that but as we work through and we think about where we are, different kinds of decisions will have to be made to get different results when you look 5-10 years forward. so that s not the kind of talk the white house wants to hear just about two weeks out from an election but so far there s no sign they re taking any sort of new approach, especially on the energy front which is a key driver of this inflation challenge. and something the pr
families, for all families here in the united states. so what we can see in the economic data is the fed is focused on bringing down inflation, and the big concern is can they bring down inflation while maintaining robust economy, labor market. we are starting to see signs that the actions they re taking is having an effect. for example, we love having a very strong labor market, but it s been very, very strong. employers are having a very hard time finding workers. we saw in some data last month that employers are posting fewer job vacancies, which means there s a little bit of easing in the labor market, without having any lay-offs. the housing market is starting to cool. we know that housing prices is part of the challenge for families, our inflation challenge. excess savings are starting to be spent. so we re starting to see signs that our red hot economy is starting to cool. so we know that because of that
that our red hot economy is starting to cool. so we know that because of that strength we re better positioned than most other countries for the fed to achieve its dual goals. i want to show you and our viewers some of the other data points they deal with every single day. the price of eggs has gone up more than 30%, gas, chicken, coffee, milk, bread, have all gone up significantly. these are real kitchen table issues for americans. absolutely, and the price of food is part of our inflation challenge. again, we are focused on it to the best of our abilities. part of the challenge for food is actually through energy. so putin s war against ukraine where he has weaponized natural gas, weaponized energy shows up in food prices as well. energy is a big component of fertilizer. we have been working to ease ports which actually helps to ensure that farmers are able to
strength we re better positioned than most other countries for the fed to achieve its dual goals. i want to show you and our viewers some of the other data points they deal with every single day. the price of eggs has gone up more than 30%, gas, chicken, coffee, milk, bread, have all gone up significantly. these are real kitchen table issues for americans. absolutely, and the price of food is part of our inflation challenge. again, we are focused on it to the best of our abilities. is actually through energy. so putin s war against ukraine where he has weaponized natural gas, weaponized energy shows up in food prices as well. energy is a big component of fertilizer. we have been working to ease ports which actually helps to ensure that farmers are able to export their products and they re not sitting on a lot of inventory. our agriculture department is
question, and the inflation is very much the president s top concern. it s my top concern. i completely understand how that s a big challenge for many families, for all families here in the united states. so what we can see in the economic data is the fed is focused on bringing down inflation, and the big concern is can they bring down inflation while maintaining robust economy, labor market. we are starting to see signs that the actions they re taking is having an effect. for example, we love having a very strong labor market, but it s been very, very strong. employers are having a very hard time finding workers. we saw in some data last month that employers are posting fewer job vacancies, which means there s a little bit of easing in the labor market, without having any lay-offs. the housing market is starting to cool. we know that s part of our inflation challenge. excess savings are starting to be spent. so we re starting to see signs