Reuters

Bush concerned about impact of high prices: White House

Wed Jul 16, 10:04 AM

WASHINGTON (Reuters) - U.S. President George W. Bush is concerned about the impact of high prices on Americans, the White House said on Wednesday after the government reported the biggest jump in consumer prices in 26 years.

"The president is very concerned about the impact high prices are having on Americans, especially those who are on lower incomes," White House spokeswoman Dana Perino. told reporters.

"We have confidence in (Federal Reserve) Chairman (Ben)Bernanke's commitment to both economic growth and keeping inflation in check," she said.

(Reporting by Jeremy Pelofsky; Editing by Theodore d'Afflisio)

LIKE IT?  LET OTHERS KNOW

Be the first to recommend - Sign in now


See what other people are recommending - Popular Stories