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FOXNEWS The Story With Martha MacCallum July 7, 2024

now. president biden was wrong back in december when he predicted that inflation was at its peak and said this. i think you ll see it change sooner than quicker, more rapidly than it will take than most people think. leader mcconnell is standing by. first, gene sperling. good to have you with used too. the question that comes up again and again is that the messages that we received from all left fields of the white house and treasury have been wrong. so how did you get this so wrong? well, martha, the white house and the treasury department were saying last year and i can t stress this enough, reflected the overwhelming economic consensus in the private sector, in the u.s. and other places around the world. it wasn t so much it wasn t the people were wrong with the facts that they had. it s that things happened after that that affected the outcome. so we had not just delta, but omicron. we had gas prices at $3.31 january 17 when putin first started doing milit ....

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

The supply constraints would ease up. we all saw what happened after that. we saw lockdowns from china, we saw semi conductor constraints happen. and those ended up meaning that the supply constraints that affected costs of inflation effective excuse me. then you got hit with what is driving the prices a lot today, which are higher energy prices. now, just remember, global inflation right now in the 38 major countries is 9.6%. it is 9% in the u.k. this is a global phenomenon. it has happened with unexpected after shocks from the pandemic. martha: let me, if i may, get a question in here. i understand what you re saying. so my question to you is, when you saw that was happening, right? delta starts to hit. we have a couple of trillion dollars in stimulus that has just gone in. we re seeing an increase in demand based on that. you can see the supply chains dry up. ....

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