On the recordJune 24, 2022
Federal Reserve Chair Jerome Powell has confirmed what we knew all along: Inflation isn't because of Putin's disgraceful invasion of Ukraine. It is because of President Biden's and congressional Democrats' reckless spending. Earlier this week, during a Senate Banking Committee hearing, my friend and fellow Tennessean, Senator Bill Hagerty, pointed out that inflation had already risen to 7 percent well before the war in Ukraine. He asked Chair Powell if the war in Ukraine is the primary driver of inflation. Chair Powell responded, ``No. Inflation was high before, certainly before the war in Ukraine broke out.'' This isn't a Putin price hike, it is Bidenflation, and the Biden administration and congressional Democrats and their allies in the mainstream media need to stop with the misdirection and misleading excuses. Thankfully, Tennesseans are smart and can recognize the difference. Taking responsibility for mistakes followed by straight talk are necessary prerequisites for getting us out of this mess and are our minimum expectations for the President of the United States. President Biden must do better. ____________________
Source
govinfo.gov




