BIDEN: Putin is blamed for inflation in the United States! The Fed chairman is in opposition: It has nothing to do with the Russian-Ukrainian conflict!
On the morning of June 22, Fed Chairman Jerome Powell publicly denied that the Russian-Ukrainian conflict was the main driver of inflation in the United States at a hearing held by the US Senate Banking Committee, saying that inflation in the United States was high before the outbreak of the Russian-Ukrainian conflict.
Shortly after Powell's remarks, U.S. President Joe Biden once again said on social media that he was leading the world in coordinating the release of the largest oil reserves in history, doing everything he could to slow down "Putin's price increase."
American netizens used Powell's remarks to mock Biden. Some people say that 90% of Americans know that "Putin's price increase" is not true; Others say that this is a Biden price increase and has nothing to do with Putin.
In view of the fact that Biden had previously dumped the responsibility for controlling inflation to the Fed after meeting with Powell and US Treasury Secretary Yellen, saying that he would not interfere in any of the Fed's monetary policy, this time Powell publicly contradicted Biden, and it is likely to find an opportunity to throw the pot back to Biden.
Today's US inflation is no longer monetary policy can be adjusted, the US economy is likely to fall into recession, this pot is too big, whether Biden or Powell, none of them can afford to carry. （bear）
