Economist Diane Swonk: Gas Prices Will Continue to Rise, They Could ‘Easily Break Records’

RUSH EXCERPT:
SWONK: "Excerpt from where we are today, I would agree with Karen they’re going to go higher and we could easily break those records and we don’t have the buffers. We once did: fiscal stimulus help to boy spending. In the first quarter, we saw a good salad first quarter of two percent, but remember the economic gains that were seen are concentrated among fewer affluent households and fewer firms than we did in the past. That was the case and 20 twenty five, and it is the case again today, even with the increase in tax refunds and as we get into the year, you’re going to see more stress out there across the board and that’s what we’re really concerned about for you, us consumer"