Federal Reserve Chairman Jerome Powell admitted the obvious in his senate testimony today when asked about U.S. inflation. However, his testimony directly contradicts the White House claims.
Senator Bill Hagerty (R-Tenn.), member of the Senate Banking Committee, walked through the inflation timeline and asked Chairman Powell about the cause of the escalated inflation in 2021. Powell admitted the massive rise in inflation had nothing to do with the Russian invasion of Ukraine. WATCH (02:16 Prompted):