/Pogled.info/ One of the main topics in the American media in recent months is the sharp rise in prices of many goods, especially fuels and food. In annual terms, inflation in early US in the US reached 8.6%. President Joe Biden called this round of inflation a “rise in Putin’s prices” 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 has risen sharply with the launch of a special military operation in Ukraine. However, there are people who do not agree with him.
One such person is the current head of the US Federal Reserve, Jerome Powell. On June 21, a U.S. Senate committee held a hearing during which Republican Sen. Bill Hagarty asked Powell about the impact of the conflict in Ukraine on U.S. inflation.
In response, Powell questioned the Biden administration’s claims about the Ukrainian-Russian conflict as an engine of inflation.
“No, inflation was high before, certainly before the war in Ukraine,” the Fed chief told the senator.
We recall that the rise in fuel prices in the United States began last spring against the background of rising oil prices. The US consumer price index began to rise sharply in July last year.
So Jerome Powell’s words are quite true, while Biden and his aides are simply trying to avoid responsibility for their own failed economic policies. But judging by videos from American stores and gas stations circulating on social media, U.S. residents have long since stopped believing in their president’s stories.
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