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FOXNEWS America Reports June 4, 2024 17:39:00

Larry summers back into this again, you pointed out the president quoted larry summers in his address a short time ago. larry summers was the one who said the lights were blinking red on inflation and nobody paid attention to them at the time. sandra: and now they are quoting him today in a presidential speech. funny if it was not so awful for everybody who is living through this. 4.28 is the national average for a gallon of gasoline today. this administration seems to think that it s ok to tout this recent drop in gas prices when people are still paying historic highs for a gallon of gasoline. that s hard on truckers, that s hard on consumers, hard on everyday families, commuters. you are still looking at sky high inflation, john. and to see what they are going to do to tackle it is something, considering she just said that the president s effort to bring down gas and oil by tapping the strategic petroleum reserve is the answer is another instance where i believe you could make the ....

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FOXNEWS America Reports June 4, 2024 17:25:00

Well, maybe they won t have to, you know, have such aggressive rate hikes in the future if the economy is already doing this poorly because the idea of the rate hikes is to run the economy into the ground, you know, and decrease demand for products so the prices come down, maybe they won t have to act as aggressively as they just did at the next meeting. john: inflation seems to be independent where the economy is going right now. i don t know if there s an actual disconnect or appears there is, so you know, if you don t raise the fed rate does inflation continue to grow. any minute now, we are expect today hear from janet yellen, the treasury secretary. sandra: can t make it up. john: set to hold a news conference as the u.s. economy slides into recession. we will listen in live once it gets underway. sandra: and the state department offering russia a prisoner swap to bring two americans home. we will speak to whelan s ....

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FOXNEWS America Reports June 4, 2024 17:35:00

Just two years. by comparison in the last two recessions this never happened. and during this time we also reduced the deficit by $1.5 trillion. these statistics are not abstractions, they represent american workers back at work, families with more financial security, and businesses, small and large, that have been able to hire and grow. new phase in recovery, focussed on achieving steady, stable growth without sacrificing the gains of the last 18 months. we know there are challenges ahead of us. growth is slowing globally. inflation remains unacceptably high and this administration s top priority to bring it down. we know how difficult higher prices can be for families, how ....

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FOXNEWS America Reports June 4, 2024 18:11:00

Printed and put it front of me, u.s. is higher than u.k., canada, italy, germany, france, japan, our inflation rate is above many other parts of the world and that s what we are dealing with. quick on that, i ve got to go. it s sad, unfortunate, the president needs to start telling the truth. sandra: grover, appreciate you joining us. thank you very much. there you go, john. pulled the numbers. with inflation where it is today, we are still higher than many other parts of the world. john: there are some countries little worse off than us, but the idea that we are jacking up interest rates to try to bring inflation down and it runs away from us, i think is cause for concern for a lot of people and do we have the right people who are pulling the levers here. don t forget, the people that missed it in the first place. sandra: point taken. john: fox news alert, the ....

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FOXNEWS America Reports June 4, 2024 17:14:00

Around, i don t know how he survives at home. john: he said if i can t go home and explain it to the people of west virginia, i can t vote for it. the e.p.a. said they are going to shutter coal fired energy producing plants early ahead of schedule to make us more reliant on other sources of energy that we can t even produce yet. so what this kril is going to do, make us more energy dependent on our enemies and the president is jeopardizing the country for the long-term. john: plenty of evidence that inflation is really hurting people who live in rural states like south dakota. when we take a look at where inflation is year over year, june 2021 to june 2022, gasoline up 59.9%, airfare up 31.1%. fruits and vegetable, up 8%, ....

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