Granholm says didn’t hear Powell say inflation on rise before. Other countries also high Putin price

On 6/22/2022, “President Biden, like all other leaders around the world, are grappling with this for their citizens,” Granholm said at a White House press briefing. “And the president is doing everything he can to reduce prices for American families.” “So we know that the war … having driven up the price of fuel … we’ve got to make up for the million barrels per day that we’ve lost,” Granholm told reporters. “We will have a demand problem when China opens up, and there will be additional upward pressure on supply.”

Energy Secretary Jennifer Granholm says she “didn’t hear” Fed chair Powell say inflation on rise before war. Granholm once again blames record gas prices on “putin’s war.” On record gas prices, Granholm says “only way out” is “deploying clean energy”. She lists gas prices from other countries as if that helps American people.

Granholm stressed the belief that “no president alone” can control gas prices and claimed the U.S. needs “More players at the table,” which led to the president appealing to Congress to enact a gas tax holiday. Biden announced he would call on Congress to approve a gas tax pause for three months. The federal government currently charges 18 cents in taxes per gallon of gasoline and 24 cents per gallon of diesel, the official said. Officials had raised concerns that rushing to remove the gas tax due to concerns that it might undermine recent funding Congress passed for the infrastructure bill, but Biden made a point of insisting Congress remove the tax without stripping money from the Highway Trust Fund that finances highways and mass transit.

Biden Econ Advisor Gene Sperling: I just disagree that gas was on the rise before Putin’s invasion. CNN: with Biden’s gas tax gimmick, you still can’t truly get away from reality of costs; inflation was a big problem before Putin’s war, Biden gas gimmick would have minimal impact.

Sec. Granholm says didn’t hear Powell say inflation on rise before. Other countries also high Putin prices.