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Chair of Federal Reserve debunks Biden: ‘Inflation was high before, certainly before the war in Ukraine broke out’

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As recently as Monday the White House and Biden administration still has the audacity to blame inflation and high gas prices on Russian President Putin and his invasion of Ukraine.

However, while testifying Wednesday before the Senate Banking Committee, Chair of the Federal Reserve Jerome Powell debunked the administration’s false blame.

The White House tweeted “with the biggest single driver of inflation being Putin’s war against Ukraine, @POTUS has taken action to blunt the impact of Putin’s Price Hike for families.”

No matter how many times the the White House clicks together its red sparkly shoes and says “Putin”, the fact remains that inflation, the supply chain and prices we’re hurting the American people long before Putin began his conquest of Ukraine.

During his testimony, Republican Tennessee Senator Bill Hagerty asked Powell if “Putin’s price hike” was to blame.

“I realize there are a number of factors that play a role in the historic inflation that we’re experiencing: supply chain disruptions, regulations that constrain supply, we’ve got rising inflation expectations and excessive fiscal spending, but the problem hasn’t sprung out of nowhere,” Hagerty said.

 

“In January of 2021, inflation was at 1.4%. By December of 2021, it had risen to 7% — a fivefold increase.”

 

“Since the war in Ukraine began in late February, the rate of inflation has risen incrementally another 1.6% to a current level of 8.6%,” he continued. “Given how inflation has escalated over the past 18 months, would you say that the war in Ukraine is the primary driver of inflation in America?”

“No,” Powell said. “Inflation was high before, certainly before the war in Ukraine broke out.”

 

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Economy

Illegal migrants refuse to leave Denver encampments, make demands of city including ‘fresh, culturally appropriate’ food and free lawyers

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Screen Shot 2024 04 16 at 11.14.29 AM

A group of illegal immigrants in Denver is not only refusing to leave encampments, but also have the audacity to take no actions until the city meets its demands. The migrants were organized enough to publish a document with 13 specific demands before they “acquiesce to Denver Human Services’ request to leave the encampments and move to more permanent shelters funded by the city” reports Fox News.

Demands were made following the Denver government obtaining a petition to have the migrants moved, according to the outlet. The Denver mayor has been under pressure from the city’s ongoing migrant crisis, making headlines and receiving stiff backlash earlier this year for proposing budget cuts to the city’s government, including cuts to the city’s police force, to fund more money for dealing with the city’s migrant crisis.

The list of demands was sent to Mayor Mike Johnston and included requests for provisions of “fresh, culturally appropriate” food, no time limits on showers and free immigration lawyers, the outlet reported. Further details of the demands read, “Migrants will cook their own food with fresh, culturally appropriate ingredients provided by the City instead of premade meals – rice, chicken, flour, oil, butter, tomatoes, onions, etc… Shower access will be available without time limits & can be accessed whenever… Medical professional visits will happen regularly & referrals/connections for specialty care will be made as needed.”

The migrants also insisted they get “connection to employment support, including work permit applications for those who qualify,” as well as “Consultations for each person/family with a free immigration lawyer.” The migrants insisted that if these are not met, they will not leave their tent community.

“At the end of the day, what we do not want is families on the streets of Denver,” Jon Ewing, a spokesman for Denver Human Services, told Fox 31.

The current encampment is situated “near train tracks and under a bridge,” Fox 31 noted, adding that it has been there for the last couple of weeks.

Ewing told Fox 31 the city just wants “to get families to leave that camp and come inside,” noting its offer will give migrants “three square meals a day” and the freedom to cook.

He also said the government is willing to work with people to compromise and help them figure out what kind of assistance they qualify for.

Ultimately, Ewing said, the city wants to work with migrants to determine, “What might be something that is a feasible path for you to success that is not staying on the streets of Denver?”

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