Fed Chair Powell Admits Ukraine Is Not the Primary Driver of Inflation

Fed Chair Powell Admits Ukraine Is Not the Primary Driver of Inflation: ‘Inflation Was High, Certainly Before the War in Ukraine Broke Out’

HAGERTY: “…would you say that the war in Ukraine is the primary driver of inflation in America?”

POWELL: “No, inflation was high before certainly before the war in Ukraine broke up.”

HAGERTY: “I'm glad to hear you say that the Biden administration seems to be intent on deflecting blame”

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