WASHINGTON, DC—U.S. Representative John Rose (TN-6) spoke on the House Floor Friday to highlight recent comments from Federal Reserve Chair Jerome Powell, confirming inflation was on the rise prior to the war in Ukraine.
The full speech, as prepared for delivery, is below:
Madam Speaker, Federal Reserve Chair Jerome Powell has confirmed what we knew all along: inflation isn’t because of Putin’s disgraceful invasion of Ukraine; it’s because of President Biden’s and Congressional Democrats’ reckless spending.
Earlier this week during a Senate Banking Committee hearing, my friend and fellow Tennessean, Senator Bill Haggerty, pointed out that inflation had already risen to 7% well before the war in Ukraine. He asked Chair Powell if “the war in Ukraine is the primary driver of inflation?” He responded, “No, inflation was high before—certainly before the war in Ukraine broke out.”
This isn’t a Putin price hike--it’s Bidenflation, and the Biden Administration, Congressional Democrats, and their allies in the mainstream media need to stop with the misdirection and misleading excuses.
Thankfully, Tennesseans are smart and can recognize the difference. Taking responsibility for mistakes, followed by straight talk, are necessary prerequisites for getting us out of this mess, and are our minimum expectations as Americans for the President of the United States. He simply must do better.
You can watch the full speech here.
Original source can be found here.
