President Biden's Secretary of Transportation and economic advisers were pressed on inflation and the state of the economy ahead of the midterm elections on Sunday.
CNN's Dana Bash asked Council of Economic Advisers Chair Cecilia Rouse about the September inflation report and the president's reaction to the numbers during "State of the Union" on Sunday. "The price of food is part of our inflation challenge," Rouse said. "Part of the challenge for food is actually through energy, and so Putin's war against Ukraine, where he has weaponized natural gas, he's weaponized energy, shows up in food prices as well." Rouse also told Bash that Americans would not feel the effects of the Inflation Reduction Act until next year, and she pointed to tax credits that allow people to weatherize their homes.
Council of Economic Advisers Chair Cecilia Rouse praised the Inflation Reduction Act on Sunday. (Screenshot/CNN/StateOfTheUnion) "For example, there are tax credits for energy to help people weatherize their homes and also bring down other forms of energy costs," Rouse said. "We are focused on helping to make that transition to clean energy in a way that brings down energy costs for families." Fox News' Shannon Bream asked White House Council of Economic Advisers member Jared Bernstein about the high numbers during "Fox News Sunday." "Whether it is the Inflation Reduction Act, whether it’s work in the ports, whether it's our work with energy and the release of oil from the reserves, we are doing all we can to ease inflationary pressures and we see results.
Read more on foxnews.com