press secretary Jen Psaki was pressed Friday about just how long Americans can expect high inflation to continue.
Psaki told reporters that gas prices are expected to continue surging in the coming months due in large part to the ongoing Russian invasion of Ukraine. Psaki communicated that White House experts expect the markets to eventually stabilize and inflation to slow, saying the energy crisis is only "temporary."
However, when Fox News' Peter Doocy pressed Psaki on how long "temporary" actually means, she demurred."We rely on the assessment of the Federal Reserve and outside economic analysts who give an assessment of how long it will last. The expectations and their assessment at this point is that it will moderate at the end of the year," Psaki said.
"There is also no question that when a foreign dictator invades a foreign country, and when that foreign dictator is the head of a country that is the third-largest supplier of oil in the world, that is going to have an impact. And it is." White House press secretary Jen Psaki said Friday that inflation should"moderate" by the end of the year.
Psaki was further pressed on blaming Russia for the inflation crisis and Democrats' insistence that the U.S. economic downturn is a direct result of Russia ahead of the midterms, Psaki pushed back, saying, "Well we've seen the price of gas go up at least 75 cents since President Putin lined up troops on the border of Ukraine."
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