Patrick Toomey actually said...

"Inflation is here, and it's more severe than most--including the Fed itself--expected."

"The Fed's policy is especially troubling because the warning siren for problematic inflation is getting louder."

"I'm concerned that the Fed's current paradigm almost guarantees that it will be behind the curve if inflation becomes problematic and persistent."

"The economy has come roaring back from COVID. GDP is above its prepandemic level, and the Fed forecasts GDP will grow by a robust 7 percent this year."