
Obama said his poll numbers 'were almost perfectly correlated with the price of gasoline': FedEx CEO
Fox News
FedEx CEO Fred Smith talked inflation and predicted the midterm elections Wednesday on "Special Report."
WASHINGTON, DC: President Joe Biden meets with Secretary of Defense Lloyd Austin (L), members of the Joint Chiefs of Staff, and combatant commanders in the Cabinet Room of the White House. (Photo by Win McNamee/Getty Images) West Hollywood, CA: Jesse Espersen from Topanga fills his SUV with 6.536 gallons of Super+ gas at 7.559 per gallon for $125 at a Mobil station at the corner of La Cienega Blvd. and Beverly Blvd. (Robert Gauthier/Los Angeles Times via Getty Images) Former President Barack Obama with children from Girls and Boys clubs of greater Washington. (Nathan Congleton/NBC/NBCU Photo Bank via Getty Images)
Smith added that gas prices are "a big issue, and previous decades show that when fuel prices run up, they act as a retardant or a tax on consumption. So we'll see this summer whether people are still buying goods to the same degree that they have been in the past. And of course, if they don't, a lot of the port problems … will go away because there'll be [fewer] goods moving through the ports."













