WOW: Fed Chair Jerome Powell Shoots Down Biden’s Crazy Claim

You Might Like

(breitbart) – 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.

“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.”

The Fed chair’s statement puts him at odds with President Joe Biden, who has repeatedly sought to blame the war for high prices.

Breitbart News pointed out on Monday that this claim is false. Powell has now confirmed that analysis.

Nearly all Americans agree with Powell and Breitbart News. Just 11 percent of Americans say inflation is the fault of Vladimir Putin, according to a recent poll.


BREAKING: Kyle Rittenhouse Second Trail Heats UP

(breitbart) - A judge ruled Wednesday that a wrongful death suit filed against Kyle Rittenhouse over the shooting death of Anthony Huber can proceed. The suit...

STUNNING: Trump Vows To Stop ‘Mutilation Of Our Youth’

(breitbart) - Former President Donald Trump on Tuesday released a video message, vowing to bring an end to the “chemical, physical and emotional mutilation of...

SICKENING: DOJ Rejects Some of House GOP’s Requests on Biden Documents

(breitbart) - The Justice Department (DOJ) informed House Judiciary Committee Republicans on Monday that it could not fulfill all of their requests relating to the...

WOW: Deranged Ninth-Grade Female Student In Georgia Viciously Assaults Her Teacher (VIDEO)

(thegatewaypundit) - This is a scene that has become all too common in classrooms across America: students not only showing blatant disrespect for authority but...

Most Popular