and we need the policies to continue that trend as well. gas prices continue to fall at a pretty consistent haern. we showed a graphic of the compare and contrast of the gas prices over the past month, week and year ago. why is this happening, do you think? why is the price of of gas continuing to fall now? there s a lot of factors that go into the price of gas at the pump. but the picture is what happened over the last year is that in the wake of putin s invasion of ukraine, we faced a global supply challenge. because russian oil was coming off the market and there was a risk of it not being adequately supplied. over the past nine months, the president through deliberate action using authorities like the strategic petroleum reserve and our diplomatic engagement has focused on maintaining that global supply while also making
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going forward as well. cecilia, good morning, it is jonathan lemire. housing also surging. want to get the white house concerns about whether they re overheating and what could happen next? so, housing is a big concern of the president and has been since the beginning. if you look at his budget, he s got proposals for increasing housing supply. this dates back to the financial crisis in the great recession. so we ve had a supply challenge for sometime. if you ve notice the federal reserve, part of the immediate impact of their actions to address price stability is increasing mortgage rates. that will have some cooling impact. but the president understands that in particularly rental housing, we need to see increased supply as which is why he s proposing ways that we could do so going forward. all right. chair of president biden s council on economic advisers, cecilia rouse, thank you for
or countries coming together. moving forward today. the shortage of supply. the supply challenge that we have in so many respects. wow. oh, my. i love how nancy s hand gestures always follow the point of the less she makes. when she says they are coming together, then she does that. i have never seen anyone do that before, but she doesn t quite well in totality. this is very sad. why are they only write about