Federal Reserve Board Chairman Jerome Powell humiliated Joe Biden on Wednesday after he debunked the 79-year-old politician’s false claim that higher gas prices are due to “Putin’s price hike.”
The Daily Caller reports:
Testifying before the Senate Banking Committee, Powell was asked about the inflation crisis by Republican Tennessee Sen. Bill Hagerty.
“I realize there are a number of factors that play a role in the historic inflation that we’re experiencing: supply chain disruptions, regulations that constrain supply, we’ve got rising inflation expectations and excessive fiscal spending, but the problem hasn’t sprung out of nowhere,” Hagerty said.
“In January of 2021, inflation was at 1.4%. By December of 2021, it had risen to 7% — a fivefold increase.”
“Since the war in Ukraine began in late February, the rate of inflation has risen incrementally another 1.6% to a current level of 8.6%,” he continued. “Given how inflation has escalated over the past 18 months, would you say that the war in Ukraine is the primary driver of inflation in America?”
Powell responded with, “No. Inflation was high before, certainly, before the war in Ukraine broke out.”
Sen. Bill Hagerty (R-Tenn.): “Would you say that the war in Ukraine is the primary driver of inflation in America?”
Fed Chair Powell: “No. Inflation was high before, certainly before the war in Ukraine broke out.” pic.twitter.com/xhPeO0NYYE
— Breaking911 (@Breaking911) June 22, 2022
That debunks Biden’s false claims trying to pin the failures on Putin:
With the biggest single driver of inflation being Putin’s war against Ukraine, @POTUS has taken action to blunt the impact of Putin’s Price Hike for families.
— The White House (@WhiteHouse) June 20, 2022
Joe Biden needs to be humiliated !
He is a card carrying Communist !
…..and a PUTZ!
Shmuck. Doesn’t the old fool humiliate himself enough on his own without outside help to point it out?
Every one knew that who wanted him in office. Look at the ones before “TRUMP” and see who is telling him how to ruin the country. OBO and KILLARY.
This man humiliated, please, such nonsense. After 8 years of standing, watching, listening to BHO’s lies, Brandon has no pride, no shame. Just a greedy, selfish, perverted, evil, old man.
Good job! Biden is quasi-Communist and Blinken is 100% Communist.
greats
Why doesn’t Joey, the “Balancing Expert” ask Hunter theGod-like advising “Crack Expert” how to solve all the problems he has created with his
Far-Left Handlers?
Old Joe is a liar everything that comes out of his mouth is a lie and he’s totally incompetent he’s a dumbass