Psaki: ‘Core Inflation Was Not Only Below Expectations But It Decelerated from Last Month’

COLLINS Is it possible ░░░░░░░░ Governor was unaware that ░░░░░░░░ ventilators were sent to ░░░░░░░░ state earlier this week ░░░░░░░░ I think that s ░░░░░░░░ a question for the ░░░░░░░░ and his team COLLINS ░░░░░░░░ one more question What ░░░░░░░░ the President s reaction ░░░░░░░░ the jump in consumer ░░░░░░░░ and what is his ░░░░░░░░ of concern today now ░░░░░░░░ those numbers with inflation ░░░░░░░░ Well Kaitlan if you ░░░░░░░░ look at the numbers ░░░░░░░░ the trends over the ░░░░░░░░ several months it shows ░░░░░░░░ core inflation one was ░░░░░░░░ only below expectations but ░░░░░░░░ decelerated from last month ░░░░░░░░ even from the month ░░░░░░░░ So over the last ░░░░░░░░ of months we actually ░░░░░░░░ it trended downward over ░░░░░░░░ last three months and ░░░░░░░░ is an encouraging sign ░░░░░░░░ also continue to believe ░░░░░░░░ as the economy turns ░░░░░░░░ on and as people ░░░░░░░░ as businesses are starting ░░░░░░░░ move as the supply ░░░░░░░░ the demand start to ░░░░░░░░ in the economy that ░░░░░░░░ will be transitory impacts ░░░░░░░░ it relates to inflation ░░░░░░░░ are projections that have ░░░░░░░░ made of course by ░░░░░░░░ just by the Federal ░░░░░░░░ but by CBO Goldman ░░░░░░░░ UBS Moody s and ░░░░░░░░ They ve also all ░░░░░░░░ that inflation will come ░░░░░░░░ next year and those ░░░░░░░░ their projections that we ░░░░░░░░ by Go on Jeff ░░░░░░░░ Jen the question about ░░░░░░░░ White House is pressing ░░░░░░░░ to produce more oil ░░░░░░░░ you gotten a response ░░░░░░░░ Saudi Arabia about that ░░░░░░░░ PSAKI Well first I ░░░░░░░░ say this is just ░░░░░░░░ outrage that s just ░░░░░░░░ over the last couple ░░░░░░░░ days but it s ░░░░░░░░ ongoing and something that ░░░░░░░░ t new as of ░░░░░░░░ or even as of ░░░░░░░░ We ve had ongoing ░░░░░░░░ I know we talked ░░░░░░░░ this just a couple ░░░░░░░░ weeks ago when we ░░░░░░░░ especially concerned when they ░░░░░░░░ OPEC discussions with OPEC ░░░░░░░░ countries happening even though ░░░░░░░░ re not a member ░░░░░░░░ OPEC So the steps ░░░░░░░░ we ve announced this ░░░░░░░░ which include as you ░░░░░░░░ Jeff national security adviser ░░░░░░░░ Sullivan putting out a ░░░░░░░░ about how White House ░░░░░░░░ are continuing their engagement ░░░░░░░░ relevant OPEC members on ░░░░░░░░ importance of competitive markets ░░░░░░░░ setting prices and doing ░░░░░░░░ to support recovery It ░░░░░░░░ includes a letter that ░░░░░░░░ sent from our NEC ░░░░░░░░ Brian Deece to the ░░░░░░░░ to consider encourage them ░░░░░░░░ consider using all of ░░░░░░░░ available tools to monitor ░░░░░░░░ U S gasoline markets ░░░░░░░░ this is not meant ░░░░░░░░ be for immediate response ░░░░░░░░ it s meant to ░░░░░░░░ long term engagement consistent ░░░░░░░░ term engagement as we ░░░░░░░░ to address not just ░░░░░░░░ competitive behavior in the ░░░░░░░░ States but in the ░░░░░░░░ marketplace as well and ░░░░░░░░ taking steps that we ░░░░░░░░ are prudent to keep ░░░░░░░░ prices down for the ░░░░░░░░ public.”