economy is his top priority inflation a rare white house meeting by the host and the chairman of the federal reserve, our colleague peter doocy pressed the white house yesterday. does president bush take any responsibility for his policy potentially contributing to inflation when we talk about the gas prices right now? this is indeed gas, right? and as you mentioned, cauli gas is setting another record today. a gallon of gas now costs four dollars. sixty seven cents, that s over 50 percent from a year ago. the white house says student loan forgiveness won t make inflation worse. the impact on inflation in the near term is likely to be is likely to be quite small. but again, because the president hasn t made a decision and we re not talking about a specific plan, i won t speculate specifically ,but i think most of the analysis suggests that the near-term impact would be pretty small things which critics say otherwise quote even partial debt cancelation would be costly, regre