Language Icon

WTOV: Biden needs to get out of ‘echo chamber’ to bring down inflation, business leader says

by Jillian Smith

Consumers are grappling with record-high gas prices and the trickle-down effect is also hurting businesses.

On top of that, energy costs are also contributing to the decades-high inflation numbers.

Business leaders within the Democratic party are putting more pressure on the president to do something to fix record-high gas prices that are hurting the workforce and cutting into companies’ bottom lines.

Many are blaming the Russian invasion of Ukraine for high gas prices but prices were already on the move beforehand.

Javier Palomarez, president and CEO of the United States Hispanic Business Council, says the inflation price hikes are creating an “untenable” environment for small businesses.

Read the full article here.