At precisely 1:30 this afternoon, east coast time, the lights will come on, cameras focus. And Jerome Powell, Chairman of the Federal Reserve will take center stage.

We're experiencing one of the sharpest, most dramatic jump in prices that the nation has ever seen.

When I go to the store or the gas station, it's all I hear about: the cost of everything.

I'm even seeing stickers at the gas pump, with a photo of Joe Biden, and the caption: I did this.

We're experiencing one of the sharpest, most dramatic jump in prices that the nation has ever seen.

When I go to the store or the gas station, it's all I hear about: the cost of everything.

I'm even seeing stickers at the gas pump, with a photo of Joe Biden, and the caption: I did this.

We're experiencing one of the sharpest, most dramatic jump in prices that the nation has ever seen. When I go to the store or the gas station, it's all I hear about: the cost of everything.

I'm even seeing stickers at the gas pump, with a photo of Joe Biden, and the caption: I did this.

We're experiencing one of the sharpest, most dramatic jump in prices that the nation has ever seen. When I go to the store or the gas station, it's all I hear about: the cost of everything. I'm even seeing stickers at the gas pump, with a photo of Joe Biden, and the caption: I did this.

For years this has been one of the premier sources of energy for this country, but it's just about to hit some all time, historic levels of energy production.

For years this has been one of the premier sources of energy for this country, but it's just about to hit some all time, historic levels of energy production.

For years this has been one of the premier sources of energy for this country, but it's just about to hit some all time, historic levels of energy production.

For years this has been one of the premier sources of energy for this country, but it's just about to hit some all time, historic levels of energy production.

PS Yesterday we saw the highest inflation reading since 1982, at 7.9%. As we noted this is inflation driven by a lack of supply. This country is both literally and figuratively out of gas.