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president biden yesterday claimed a win when he signed that massive tax and spend bill into law. and given the obvious name about reducing inflation, the administration has been selling it as the solution to inflation. fox news's own neil cavuto pressed white house economic advisor on when and how this law could ever lower inflation. >> it won't help in any other area including some of the sharp rise in food prices that have now just not gone down. they have not subsided. >> the inflation reduction act is not the only initiative we're engaged in. >> why do you call it the inflation r...

home. "the wall street journal" reports the attorney general merrick garland deliberated for weeks over whether to approve that fbi search. separately, sources tell cnn that trump white house lawyer eric herschmann has been subpoenaed by a federal grand jury investigating the insurrection. and in a separate investigation, georgia prosecutors have told rudy giuliani he is a target of a criminal probe into election interference. and in yet another investigation, long time trump organization cfo allen weisselberg is expected to plead guilty in a tax evasion case. let's get to it, let's ...

Are you personally comfortable as an economist calling it the inflation reduction act? >> so this bill represents really important investments. we know we need to make, that help to expand our economic capacity. inflation happens when we have too much demand for the supply, and we know we need to be investing in the supply supports so that we are better able as a country to address issues like inflation going forward. so this will increase our economic growth, and because of how we plan to implement it and provisions in the bill, it will -- that growth will be more equitably shared. >> if you ...