Bezos, in response, expressed confidence that Biden does not understand the basic laws of the economy.
“Inflation is too important an issue for the White House to continue to make statements like this.
This is either outright delusion or a profound misunderstanding of the underlying dynamics of the market,” he wrote.
Earlier, the president of the US Oil and Gas Association, Tim Stewart, announced the worst energy crisis in the country in half a century.
Biden accused Russian leader Vladimir Putin of driving up fuel and food prices, and urged gas station managers in the United States to lower the cost of gasoline.
As Putin himself noted, the sanctions and the West's long-term mistakes in the economy caused a wave of global inflation.