Klain on When the Inflation Act Will Reduce Inflation: While Core Inflation Wasn’t What We Wanted, ‘Inflation Is Coming Down’

O DONNELL component in ░░░░░░░░ Inflation Reduction Act Is ░░░░░░░░ simply the effect that ░░░░░░░░ expect from the deficit ░░░░░░░░ that is built in ░░░░░░░░ No Lawrence I think ░░░░░░░░ goes much beyond that ░░░░░░░░ president talked about this ░░░░░░░░ Look Americans experience inflation ░░░░░░░░ kitchen table around the ░░░░░░░░ of things they pay ░░░░░░░░ of the things in ░░░░░░░░ s core inflation number ░░░░░░░░ a real increase in ░░░░░░░░ expense cost going up ░░░░░░░░ does the Inflation Reduction ░░░░░░░░ do It brings down ░░░░░░░░ cost of prescription drug ░░░░░░░░ caps what seniors have ░░░░░░░░ pay for prescription drugs ░░░░░░░░ has the government save ░░░░░░░░ on prescription drugs by ░░░░░░░░ Medicare negotiate with pharmaceutical ░░░░░░░░ to bring down the ░░░░░░░░ of those drugs It ░░░░░░░░ people s health insurance ░░░░░░░░ by about 800 a ░░░░░░░░ And that s just ░░░░░░░░ the side of the ░░░░░░░░ care part of the ░░░░░░░░ The also act is ░░░░░░░░ going to bring down ░░░░░░░░ s utility bills It ░░░░░░░░ going to make the ░░░░░░░░ of of heating your ░░░░░░░░ cheaper It s going ░░░░░░░░ allow you to buy ░░░░░░░░ efficient appliances heat pumps ░░░░░░░░ efficient cars All those ░░░░░░░░ are going to lower ░░░░░░░░ costs People will pay ░░░░░░░░ as the provisions of ░░░░░░░░ bill take effect O ░░░░░░░░ And what is your ░░░░░░░░ on when they will ░░░░░░░░ an effect in inflation ░░░░░░░░ downward effect KLAIN Look ░░░░░░░░ first of all though ░░░░░░░░ know core inflation was ░░░░░░░░ than we would like ░░░░░░░░ have seen today inflation ░░░░░░░░ coming down Today s ░░░░░░░░ report was lower than ░░░░░░░░ month s which was ░░░░░░░░ than the month s ░░░░░░░░ We still have some ░░░░░░░░ to do Lawrence to ░░░░░░░░ to bring down prices ░░░░░░░░ you mentioned gas prices ░░░░░░░░ down 1 30 a ░░░░░░░░ over the course of ░░░░░░░░ summer 91 days in ░░░░░░░░ row They continue to ░░░░░░░░ drop You saw in ░░░░░░░░ s report that the ░░░░░░░░ of inflation around food ░░░░░░░░ starting to ease and ░░░░░░░░ down We need to ░░░░░░░░ lower prices for rents ░░░░░░░░ need to do more ░░░░░░░░ housing to bring down ░░░░░░░░ cost of rents and ░░░░░░░░ expenses We need as ░░░░░░░░ said a second ago ░░░░░░░░ address medical expenses So ░░░░░░░░ re starting to make ░░░░░░░░ on inflation it s ░░░░░░░░ too high it s ░░░░░░░░ high we need to ░░░░░░░░ to drive prices down ░░░░░░░░ re getting there with ░░░░░░░░ prices a little progress ░░░░░░░░ food a lot more ░░░░░░░░ to do.”