Senator Jack Reed (D-RI), who has called on the FTC to investigate soaring egg prices, responds to whether or not there is price gouging.

You can see the entire interview here.

Key Video Takeaways

00:25 On the math not adding up

00:35 On egg prices, "This is indefensible"

Video Transcript

DAVE BRIGGS: Is this price gouging that you're accusing them of? And where do you draw the line between gouging and simple supply and demand.

JACK REED: Well, if you look at grocery inflation, it's about 12% of the products. You average it out. This is 138%. So if you get to a-- the arithmetic is 10 times what the other inflation is. That's very suspicious. So this is more than, I think, excessive. This is just indefensible.