06/23/2022 | Press release | Distributed by Public on 06/23/2022 13:04
"Inflation was high before - certainly before the war in Ukraine broke out," testifiedFederal Reserve Chair Jerome Powell before a Senate hearing, dismissing President Biden's claim that Putin's unjustified invasion of Ukraine was the primary driver of inflation. Chair Powell also warned that a recession was "certainly a possibility."
Despite this, the Biden Administration and congressional Democrats continue to play the blame game for 40-year high inflation, claiming Americans are falling further behind because of "Putin's Price Hike," while dismissing the growing consensus among expertsthat the U.S. is teetering toward a recession.
BOTTOM LINE: President Biden doesn't have a realistic plan to fight inflationand is in denial about how his policies have made recession inevitable. Democrats are promising to make matters worsewith crippling tax hikes and runaway spending.
KEY TAKEAWAYS:
Accelerating Biden-Flation is Crushing American Families.
READ: POLL: As Biden-Flation Accelerates, Majority of Americans Are Bracing for Even Higher Prices Ahead
Democrats Don't Have a Realistic Plan to Fight Inflation - Are in Denial About Recession Risks.
READ: Build Back Better Won't Blunt Biden-Flation
READ: Democrats Vow to Make Biden-Flation Worse
Republicans Are Fighting on Behalf of the American People.
READ: One Pager: Steps to Fight Biden-flation