The president admits the act with a lot of green goodies could have gone by a different name. What are they celebrating . Like i said, the Inflation Reduction Act didnt bring inflation down. Today we look at what and specifically who did. Prices are down, but price hikes still are not. And a key interest rated just closed at a 15year high. Lets go to Jacqui Heinrich at the white house on the fastmoving developments on who gets credit and whether its a birthday debby down to say its not the white house when it comes to inflation or this Inflation Reduction Act. Jacqui . Hi, neil. Yeah, we got out of the east room where the president held the 1year anniversary celebration. It was a classic joe biden event. He whispered at one point, yelled at another point. He said the Inflation Reduction Acted is working. He called it a key part of bidenomics, touting jobs creation, specifically in manufacturing and new investments in climate, even though he didnt get in to the fact that now the estimat
be planning any new messaging scheme for this. take a listen. polls keep showing that people are broadly unhappy with the president s handling of inflation in particular. the president has said he wished he didn t call this the inflation reduction act. what should you call it? he said following that sentiment because i think it s a complicated bill. we have already seen costs coming down for consumers on the healthcare side through utility rebates on the energy side. at one point about this to keep following is the administration touts the prescription drug negotiating part of the ira is one of the most popular provisions of this plan. right now it s the subject of a barrage of lawsuits. there s a risk that this could end up going the way of the student loan forgiveness plan and getting killed in the courts basically. i asked karine jean-pierre how confident the why house is this