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
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
anthony: all right, look at [ horns honking ] anthony: i remember the moment i first realized i d been living my whole life in black and white. it was like discovering a color i never knew existed before a whole new crayon box full of colors. that was it for me. from then on, there was no putting the pieces back together, no going home. things were different now. asia had ruined me for my old life. i took a walk through this beautiful world felt the cool rain on my shoulder found something good in this beautiful world i felt the rain getting colder sha la la la la sha la la la la la sha la la la la sha la la la la la la [ laughter ] man: whiskey for farmer! anthony: oh, that s good. this guy s trying to kill us. andy: they make more than a hundred bottles a day, so 30,000 bottles? anthony: that s a lot of whiskey. andy: yeah it s a lot of that s a lot of uh did i did i do that right? anthony: yeah. andy: or have i had to
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