As you well know, Bully Biden wants to blame Putin for all of his economic woes.
But today Biden’s own chair of the Federal Reserve, Jerome Powell, was asked if the war in Ukraine is the driving factor behind inflation, and his answer isn’t something Biden is going to like.
In short, Powell said no:
Powell responded to the question saying “no, inflation was high before, certainly before the war in Ukraine broke out.”
Exactly. The same with high gas prices, which is one of the main drivers of inflation in this country. They were already high and on the way up before Putin ever invaded.
Powell also noted that he has no compelling evidence that prices are stabilizing or coming down any time soon: