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I think this is a political problem for the biden administration. it poses a policy dilemma for the federal reserve. >> trace: i think that's a fair assessment. ari, i want to put this up. this is in bedford, new york. this shows the prices of gas. you can see the 5.79, the good stuff on the right-hand side there. i want to drive the point home. that is an point picture. i want to play jen psaki at the press briefing. i want your reaction on the other side. >> we're very well aware for a range of issues that the american people are impacted by rising prices of gas in some parts of the country,...

What about lying on your background form? >> at this point picture we have of michael flynn over the course of the past 18 months or so is this person who -- it's hard to overestimate the extent to which he's been a drag on president trump's presidency. he is 880% of the problem that donald trump is experience. that particular thing honestly, i mean it's this massive portrait of this person who is in a bad position for donald trump. this is a very small part of that portrait. there are so many things that we have learned about michael flynn all of which are making donald trump's job be hard. b...