strohmier. we talked to a farmer who says this could snowball into a food shortage. there is all kinds of shipping delays, it s a big snowball effect happening at this point. ashley: griff jenkins live in washington with more, good morning. griff: inflation was 1.4%, yet in his first interview with a reporter since february, president biden tells the ap we re in a stronger position than any nation in the world to overcome inflation. if it is my fault, why is inflation higher in other countries in the world. we are higher than germany, france, israel, and saudi arabia. he does admit the country is in a funk, which he blames on the pandemic. people are really, really down, consequence of the covid crisis, this after biden blamed oil companies for $5 gas threatening them with emergency powers. at least one company is firing back writing, exxon mobil has been developing more than any other country and globally invested more than we ve earned over the last five years. we kep
carley: scary new statistics shows u.s. heading toward imminent recession. federal reserve tries to tame the hottest inflation in four decades. cheryl casone will break down the numbers. cheryl: good morning, this closely watched gauge on the economy flashing a red warning sign. according to a report from the federal reserve, country is on its way to recession. a recession is two consecutive quarters of negative economic growth, several wall street firms, several big banks are forecasting a possible recession, one big reason we ve seen wall street selling off so feverishly over the last few sessions. carley: ron desantis v president biden. if you could give me a time