pace since june. and that could have major economic and political fallout. lucas tomlinson is live at the white house with more on this. lucas. reporter: jon, jp mayor began ceo jamie dimon thinks the fed has lost some control over inflation. a chemming contact congressman representing joe biden s home hometown in scranton responded earlier on fox. i wouldn t go that far, but what i will say is i think they got a late start. i think they should have started ticking interest rates up a little bit much earlier, maybe six months earlier than they did. reporter: new economic data shows inflation is getting worse. the personal if consumption execs pendtures price index, the fed s preferred gauge for inflation, rose .6% in january. the annual inflation rate also rose to 5.4%, the first increase since it peaked in june making some wonder if the fed is behind on inflation. president biden reacting to the economic news in a statement which read in part: annual inflation in janua
prompting concerns now that the fed could keep raising those interest rates well into this year. welcome to fox news live, i m aishah hasnie, hi, griff. griff: i m griff jenkins. and it s great to be with you. and the biden administration is facing scrutiny over the massive amount of spending over ukraine. lucas tomlinson is on the snowy white lawn of the white house kicking things off for us. high inflation is reducing savings nationwide and producing more credit card debt coupled with higher interest rates. many americans are feeling the squeeze and we don t have to tell the viewers, we feel it every day. let s look at the new inflation index that just came out. this is the personal consumption price index, the feds preferred gauge of inflation. and it rose and beating analyst expectations roughly 4% increase and annual rate 5.4%, as you mentioned the first inflation in inflation data since it peaked in june making some wondering if fed is behind in inflation fight. and p
arthel. arthel: hello eric, hello everyone i am arthel neville. two other major stories we are filing for you at this hour buried the blizzard warnings in southern california, the first in san diego history and the first in l.a. in 34 years as a massive winter storm slams the region with heavy rain, wind, and snow and some parts. president biden back home from historic overseas trip only to face a familiar headache, inflation spiking again. raising concerns the fed may hike interest rates longer than expected. we have fox news team coverage on all of these stories. trey isn t ukraine. nicole in l.a. on the wild weather there. the first lucas tomlinson but lucas is light at the white house, lucas. arthel hi inflation introduce savings increasing credit card debt with higher interest rates means more americans are feeling the squeeze. we do not have a tell our viewers they feel it every day. now have new economic data shows inflation is getting worse. let s take a look. the p
fox news live, i am eric shawn. president biden said he has no plans to visit east palestine for now. he does say the administration is on top of the situation. transportation pete buttigieg visited the site for the first time thursday after weeks of scrutiny. ohio governor mike dewine says officials from fema say it s safe for the residents to return to their homes but many people have not come back because they have health concerns. we spoke to some residents during our last hour here at fox news live, they say they don t know when there lives will return to normal. how has this changed your daily life and routine? changed everything for our lives. essentially our home doesn t feel like that safe space anymore. my thing is if they don t have answers, i m okay with them saying that, it s just don t dance around it to pretend like you do it, like you don t. eric: monitoring the fema news conference when it begins but let s go to mike tobin live in east palestine with th
first at maga, inc. in mara lago, described as an intimate gathering. a few miles away, at palm beach, florida governor ron desantis is holding a retreat with 150 top donors. he s not expected to make an announcement on a rumored run this spring. the governor talked about the media criticism he has received. it s hard for them to keep up with you when you re constantly doing new things and leading on different issues and we ve pretty much kept that pace going throughout my entire tenure as governor and people see you out there. they see you re active, but it makes it more difficult for the narratives to take hold when they re coming to shoot at you. well, former president trump has not been holding back. at a post, he used a nickname and he said that florida was