There’s No Question Prices Are Elevated’: Trump Official Addresses Small Businesses’ Economic Pain | Kelly Loeffler

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🗓️ 20 May 2026

⏱️ 25 minutes

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Summary

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.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Daily Signal podcast, where we provide intelligence for the intelligent.
0:05.1	Now, without further ado, here's today's take.
0:09.0	Some follow the noise. Bloomberg follows the money, because behind every headline is a bottom line.
0:17.5	Whether it's the funds fueling AI or crypto's trillion dollar swings, there's a money side to every story.
0:24.6	And when you see the money side, you understand what others miss.
0:29.1	Get the money side of the story.
0:31.1	Subscribe now at Bloomberg.com.
0:35.8	I'm at the Small Business Administration with Administrator Kelly Loughler.
0:39.5	Thank you so much for sitting down with me today.
0:41.2	It's wonderful to be with you.
0:42.4	Thanks, Elizabeth.
0:43.2	You're on the president's Fraud Task Force.
0:46.7	You've been a lot of work on that.
0:48.4	Looking into fraud of taxpayer dollars, could you walk me through your finding so far?
0:53.2	Yeah, absolutely.
0:55.2	Look, it's a great honor to serve on this task force and grateful to President Trump giving the full resources of the
1:01.8	federal government to it and to Vice President Vance for his strong leadership, which is why we've
1:06.9	been able to announce so many things. Certainly at the SBA, the day I came in well over a year ago,
1:13.1	I announced that we had a zero tolerance policy on fraud. And what does that mean? It meant that
1:18.8	we were going to look at every corner of the agency. And the biggest area that we found was within
1:24.8	the COVID-era fraud. So we know that $1.2 trillion went out from the SBA
1:31.2	during COVID. And the Biden Inspector General himself said that there were about $200 billion
	...

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