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

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

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
• Powell has now confirmed that analysis
• The White House issued a statement denying the claim, saying it is false

 

https://www.breitbart.com/economy/2022/06/22/fed-chair-jerome-powell-shoots-down-biden-administrations-putins-price-hikes-inflation-spin/