New Hampshire Democrat Sen. Hassan says Biden took ‘too long’ to address inflation

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Sen. Maggie Hassan, DN.H., said Saturday that President Biden took “too long” to start tackle inflationwhich began to skyrocket in April 2021.

While speaking to reporters in Dover, Hassan, who is running for re-election in November, was asked by FOX Business if Biden has done an effective job of reducing energy prices.

“Well, I think the president was: It took too long to really start to address inflation,” Hassan replied. “And I think we still have work to do to reduce energy costs. As you know, I lobbied the president to release more oil from the Strategic Petroleum Reserve. As a result, the administration did. funding for heating assistance for this winter, a bipartisan letter from all the New England senators I led went out yesterday about that.

“I will continue to pressure the oil majors to increase production in the wells that are already authorized and that they are not using, although they could do so if they wanted to increase supply,” he continued. “I think it’s important to the Reduce Inflation Act that we take on Big Oil, and we’re giving tax breaks to families who invest in energy efficiency in their homes and moving away from our reliance on Big Oil and oil foreigner towards a clean economy”. energy economy”.

    US Senator Maggie Hassan (D-NH)

Senator Maggie Hassan speaks during a reelection campaign kickoff event on September 10, 2022 in Dover, New Hampshire. (Scott Eisen/Getty Images/Getty Images)

FED BEIGE BOOK SHOWS US GROWTH OUTLOOK DECREASE AS INFLATION DIES

FOX Business asked Hassan if Biden’s handling of inflation and the border crisis had put her in a vulnerable position going into the midterm elections this November.

“You know, one of the things that Granite Staters really focuses on is obviously the ongoing opioid epidemic,” Hassan replied. “And that’s why I’ve worked to secure the border and make sure we have the technology at the border to detect fentanyl and take action now as we see our cartels moving into other types of synthetic opioids. I will continue to stand up to the administration of Biden on the issue of securing the border and listening to our frontline staff there.”

Senator Maggie Hassan

Senator Maggie Hassan speaks to FOX Business on September 10, 2022 in Dover, New Hampshire. (FOX Business/Fox News)

again hampshire The primary will take place on Tuesday, when voters will decide between Republicans Chuck Morse, president of the New Hampshire Senate, and Don Bolduc, a retired Army brigadier general, to face Hassan in the general election.

“Both are very extreme, very out of step with the future,” Hassan said of the candidates. “Both will support special corporate interests.”

Campaigns by Senator Maggie Hassan

Senator Maggie Hassan speaks to a supporter on September 10, 2022 in Dover, New Hampshire. (Scott Eisen/Getty Images/Getty Images)

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Without any Republican support, Democrats last month passed the Inflation Reduction Act, which is a climate and health care bill that some studies suggest will do little to reduce inflation.

Meanwhile, the Fed has been raising interest rates at the fastest pace in decades as it seeks to cool the highest inflation in four decades. Policymakers approved back-to-back interest rate hikes of 75 basis points in June and July and have signaled that another hike of that magnitude is on the table during their September meeting.

Megan Henney of FOX Business contributed to this report.

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