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FOXNEWS The Story With Martha MacCallum July 7, 2024

inflation was high before, certainly before the war in ukraine broke out. martha: senator john kennedy was in that hearing with jerome powell. he s here to react to that and respond to it in moments. first, we re glad to be joined by james spurling, senior adviser to president biden. thanks for making time for us today. what is your reaction to what jerome powell just said about the real driver of u.s. inflation? there was no contradiction at all with what president said and your tape of federal chairman powell. president biden is talking about what has happened with gas prices. on that, there s no controversy. on january 17, when putin starts doing military exercise in belarus, the price of gas is at $3.31 at the pump. that is actually below the average for real prices in the previous decade. after he does that, after that unthinkable aggression by putin and the response to it, gas prices have gone up $2 in much of the world and $1.7 oh. martha: the truth is th ....

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FOXNEWS The Story With Martha MacCallum June 4, 2024 19:03:00

Pandemic and the unprecedented shut down and starting up and the slowing down from delta, absolutely had an impact. the fact is still that on january 17 gas prices were not high by historical standards. they were below what real gas price levels were over the previous decade. when you talk about the run-up in gas, i don t think there should be any controversy anywhere partisan that is due to putin s invasion and our response to it. martha: they were though they did go higher since the inauguration based on a number of choices that were made to end leases, to end pipelines. disagree. martha: in the beginning the prices started to increase. i just disagree. you might have greater demand when you have stronger growth. president biden took a shaky recovery. we have had the strongest job ....

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Gas markets await implementation of peace talk commitments as currency stand off continues

As peace talks indicate a potential cooling in Russian military action, the currency stand off continues. ....

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