- Although this Times piece yesterday, Jared,
about grocers quoting the president in South Carolina
saying, "We're tired of being played for suckers."
I mean, what can you do on food at home
other than jawbone Kroger, and Walmart and Target?
- Well, you know, if I jawbone, that's one thing,
if the leader of the free world jawbones, that's another,
and President- (interviewer laughs)
President Biden can be pretty persuasive
when he comes at firms
that aren't passing savings along to consumers.
Look, we understand that
companies will flex pricing power, time and again.
But if you're a company
whose input costs have come down significantly
and you're not passing those costs along to consumers,
we're certainly seeing that in elevated grocery margins
and the president has called that out.
He will continue to do so.