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It with the midterms fast approaching. sandra, the busiest woman in television. >> sandra: great to be with you this afternoon, john. president meeting with fed chair jay powell yesterday as the white house kicks off a months' long effort to focus, it says, on the economy. but inflation has been on the minds of many voters in this country for months now, especially when filling up their tanks. price of gasoline rising almost daily with the new national average for a gallon, 4.67 today, a jump of 1.60 a year ago, and up $0.05 since yesterday. >> john: 11.4 million unfilled positions. labor shor...

Is the planning effect. this is how it feels to have a dedicated fidelity advisor looking at your full financial picture. this is what it's like to have a comprehensive wealth plan with tax-smart investing strategies designed to help you keep more of what you earn. and set aside more for things like healthcare, or whatever comes down the road. this is "the planning effect" from fidelity. . the price we pay for gas, groceries and other items keep rising with little relief in sight. gas prices today are at a new high, aaa says the national average for regular is now $4.67 a gallon. that's 5 ce...

. the pinch on your pocketback stings a little more today. aaa says national average for gasoline hit a record high, 4.67 a i don't know if. you see prices jumped a nickel since yesterday. they're up 48 cents just over the last month. treasury secretary janet yellin addressing a stunning admission. she said she was wrong when she said last year inflation would not be a long-term threat. >> i think i was wrong there about the fact that inflation would take. as i mentioned there is a bit of unanticipated and long shots to the economy that boosted energy and food prices and supplied bottlenecks...

The case in 2008. that distinction is important. >> thank you very much, i always appreciate speaking with you. part of the reason the savings rate has dropped of course is that people are spending more, they are resorting to going to savings because the costs are surging. the average price of gas is something that americans are confronted with everything all day. and it jumped 5 cents to hit another record high of $4.67 per gallon, that is nationwide, god forbid you live in california, it has the white house worried, according to politico, the chief of staff checks the price of gas every sing...

>> ainsley: everything in the grocery store going up to. chicken up 70%, pork and beef up 20%. steve: absolutely. you point earlier inflation at 6.4%. the highest since 19 will. that's going to put more pressure on the federal reserve to raise your interest rates and here's the practical problem. if you are thinking about buying a house, the -- yesterday the mortgage for a 30 year fixed was 4.67%. it's close to 5%. that factors in so much extra stuff because of inflation. and are you blaming vladimir putin? or your house payment now being close 5% if you taking out a 30 year fixed? i don't thi...