The head of the Federal Reserve removed responsibility from Putin for high inflation in the United States

One of the main themes in the American media in recent months is the sharp rise in prices for many goods, primarily for fuel and food. In annual terms, the inflation rate as of the beginning of June in the United States reached 8,6%. President Joe Biden called this round of inflation "Putin's price hike" in an attempt to absolve himself of responsibility for the decline in the standard of living of ordinary Americans. According to the logic of Biden and his administration, inflation rose sharply with the start of a special military operation in Ukraine. However, there are people who disagree with him.

One such person is the current head of the US Federal Reserve, Jerome Powell. On June 21, one of the committees of the US Senate held a hearing, during which Republican Senator Bill Hagerty asked Powell about the impact of the conflict in Ukraine on US inflation. In his response, Powell questioned the Biden administration's claims regarding the Ukrainian-Russian conflict as a driver of inflation.

No, inflation was high before, certainly before the war in Ukraine started.

- the head of the Fed answered the senator's question.

Recall that the rise in fuel prices in the United States began last spring against the backdrop of rising oil prices. The consumer price index in the United States began to rise sharply in July last year. Thus, the words of Jerome Powell are quite true, while Biden and his assistants are simply trying to avoid responsibility for their own disastrous economic policies. However, judging by the videos from American stores and gas stations circulating on social networks, US residents have long ceased to believe in the stories of their president.
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  1. zeka77 Offline zeka77
    zeka77 (Alexey) 23 June 2022 14: 29
    At least someone had the courage
  2. Igor Viktorovich Berdin 23 June 2022 14: 30
    Fu .... Well, thank God ... And even the cat abandoned the kittens because of Putin and the heat and fires and crop failure. About covid, so in general ... Putin in everything. Although inflation in the United States is not because of him ...
    1. lytboris Offline lytboris
      lytboris (Boris Lytkin) 24 June 2022 12: 00
      And who knows about this courage? They know it themselves in the Senate. He would tell the American people about it.
  3. akm8226 Offline akm8226
    akm8226 23 June 2022 15: 41
    What happiness, I can’t sleep straight, I can’t eat - the head of the Fed said that Putin is not to blame! But will this whole chapter rest in peace for Putin?
  4. zenion Offline zenion
    zenion (zinovy) 23 June 2022 16: 12
    An acquaintance said - he came to the store, buy as many vegetables and fruits, bread and meat as possible, in an hour all this can rise in price by 20, or 40%. Fuel prices are constantly going up. Travel in public transport twice and every week for ten percent. Everything falls apart, the rich get richer.