Connect with us

Hi, what are you looking for?

Government

Fed Chair Jerome Powell Shoots Down Biden Administration’s ‘Putin’s Price Hikes’ Inflation Spin


From WWW.BREITBART.COM

Federal Reserve Chairman Jerome Powell said Wednesday that Russia’s invasion of Ukraine is not the primary driver of inflation.

In a Senate Banking Committee hearing Wednesday morning, Sen Bill Hagerty (R-TN) pointed out that inflation rose from 1.4 percent in January of 2021 to seven percent by the end of the year, months before Russia invaded Ukraine. It has since risen another 1.6 percentage points.

Advertisement
Advertisement

“Given how inflation has escalated over the past 18 months, would you say the war in Ukraine is the primary driver of inflation?” Hagerty asked.

“No,” Powell responded. “Inflation was high. Certainly, was high before the war in Ukraine broke out.”

(Read more)

Tweets mentioned:

https://twitter.com/WhiteHouse/status/1538907388555808776

Advertisement. Scroll to continue reading.



Comments
Advertisement

Trending

You May Also Like

Government

From AMERICANMILITARYNEWS.COM Navy members who intentionally “misuse” transgender service members’ pronouns are in violation of the Navy’s harassment policy and could face administrative or...

NewsMax

Newsmax TVSat, June 25, 2022 12:28amURL:Embed:NYC: As a large wave of demonstrators rolls through the heart of The Big Apple in wake of the...

Fox News

Fox NewsSat, June 25, 2022 12:28amURL:Embed:‘The Five’ co-hosts sound off on how the Supreme Court’s overturning of the Roe v. Wade abortion legal precedent...

Government

News you need to know Advertisement Advertisement

Government

From WWW.FOXNEWS.COM On Friday, the United States Supreme Court overturned Roe v. Wade and the constitutional right to an abortion. The end of Roe v....

Government

From WWW.DAILYMAIL.CO.UK Netflix has cut another 300 staffers weeks after laying off off over 150 employees as the streaming giant tried to grapple with a...

NewsMax

Newsmax TVFri, June 24, 2022 11:29pmURL:Embed:On Friday’s ‘The Record with Greta Van Susteren’, Samaritan’s Purse President Franklin Graham praises former President Donald Trump for...

Fox News

Fox NewsFri, June 24, 2022 11:29pmURL:Embed:‘The Five’ reacts to the Supreme Court overturning the 50-year-old Roe v. Wade ruling and discusses its political, social,...

Fox News

Fox NewsFri, June 24, 2022 11:29pmURL:Embed:‘The Five’ discusses Democrats’ raging response after Supreme Court overturns Roe. v. Wade and returns abortion rights to states....

Government

From WWW.THEBLAZE.COM The Philadelphia Inquirer editorial board is telling people not to attribute soaring gas prices to President Joe Biden. In a piece titled...

Advertisement