Patrick Toomey actually said...

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

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

"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."

"I remain concerned that they put themselves in a position of being behind the curve if they are wrong."