Jeff Bezos clashes with Biden administration again over inflation

The White House and Jeff Bezos have renewed their spat over Joe Biden’s management of high inflation as the Amazon founder criticised the US president for calling on companies to cut prices at filling stations.

On Saturday, Biden tweeted a demand that companies managing gas pumps decrease soaring fuel prices at “a time of war and global peril”. 

“Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. And do it now,” he wrote.

Later that day, Bezos tweeted in response that inflation was “far too important a problem for the White House to keep making statements like this”.

“It’s either straight ahead misdirection or a deep misunderstanding of basic market dynamics,” said the world’s third-richest person.

The next day, Karine Jean-Pierre, the White House press secretary, fired back on Twitter that oil prices had fallen by approximately $15 in the past month while prices at gas pumps had “barely” dropped, adding it was a sign the market was “failing the American consumer”. 

She added: “But I guess it’s not surprising that you think oil and gas companies using market power to reap record profits at the expense of the American people is the way our economy is supposed to work.” 

This is not the first pointed exchange between Bezos and the White House. The billionaire in May lashed out at the Biden administration over the failed Build Back Better bill, which he believed could exacerbate…