Biden asks Congress to suspend the federal gas tax to curb rising prices
President Biden is calling on Congress to temporarily suspend the federal gas tax. The president told reporters at an event Wednesday that he knows the proposal isn’t a permanent solution to rising prices at the pump. White House correspondent Laura…
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Biden meets with Fed chair in push to address record inflation
President Biden called in the head of the Federal Reserve Tuesday to talk about the worst inflation in 40 years. But he pledged to respect the central bank’s independence. The president met with Jerome Powell, who recently won senate confirmation…
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Fallout from latest inflation report as gas prices rise l GMA
ABC News’ Trevor Ault reports on the latest government inflation report, which shows prices are up 8.3% compared to a year ago, with gas prices up 43.6% over the same period. LEARN MORE: Biden says US farmers can help in…
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All eyes on new inflation report as prices rise l GMA
Rebecca Jarvis reports on the latest inflation data and what it signals about the health of the U.S. economy. READ MORE: https://abcn.ws/3yvcCqP #ABCNews #Inflation #CPI #USEconomy #InflationReport
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Federal Reserve implements largest interest rate hike since 2000
The Federal Reserve raised interest rates again Wednesday in an effort to stamp down surging inflation. It increased rates by a half-percentage point, a move that will affect the pocketbooks of millions of Americans. Fed Chair Jerome Powell said more…
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