Former President Trump slammed President Biden’s energy policies Wednesday as the Russian invasion of Ukraine rages on, arguing that the United States has the “worst situation in oil” than ever before.
Blue Line Capital President Bill Baruch discusses the Federal Reserve ahead of U.S. inflation report and the omicron variant's impact on the markets.
Trump argued that the administration needs to get Ukrainians the necessary weaponry in order to stop the conflict, and reiterated that Biden should "open the oil" immediately. The former president asserted that action will bring prices down and "affect inflation tremendously," and will also "affect Russia."The consumer price index rose 7.
Price increases were widespread: Although energy prices rose just 0.9% in January from the previous month, they're still up 27% from last year. Gasoline, on average, costs 40% more than it did last year. Trump argued "it would look like" a recession could happen this year or next, especially given what's happening with energy.
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