Listen to the full interview below:
Sandra Smith, America Reports co-host with John Roberts and Sandra Smith joined Fox News Radio’s Guy Benson Show to discuss the rising rate of inflation that is driving the prices of basic consumer goods soaring.
“I think the reports from the West Wing were really saying if they were really looking at some of these comments that Larry Summers made, quite frankly, from the very beginning when inflation started to point its head. And I will also point out, as someone who has looked at these economic reports for a good part of my life, that many of these reports are lagging behind the best. The best sign of what’s really going on is when you hear people say I pay more at my grocery store for milk, I pay more to keep my family from having dinner. I pay more when I fill up with gas. The inflation was that we were starting to see this a long time ago. And it looks like the White House is Federal Reserve Chairman Jay Powell like you said he said it was in the White House wanted to ignore that fact. Well, it’s happening. That is true. Numerous reports now suggest that economists are predicting that we are going to see a further increase in inflation of five percent. Consumer prices are rising. And so you tie it all to the spending that we see in Washington talking about this reconciliation bill. “