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Small Business Administrator Kelly Loeffler acknowledged that Americans are facing increased prices but promised that the economy will be better than ever after the Iran War ends.
“There's no question in recent weeks, prices have bumped up because of rising gas prices due to the Iranian blockade of the Strait of Hormuz now,” Loeffler told The Daily Signal in an exclusive interview. “Obviously, with gas prices bumping up, that does ripple through the supply chain.”
But Loeffler said she’s doing “everything we can in the meantime until the conclusion of this war, which we do believe is short term, to continue to alleviate the pressures of the Biden administration.”
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