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Discussion and Debate
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Fed Chair exposes another Biden fallacy
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<blockquote data-quote="hislegacy" data-source="post: 76769290" data-attributes="member: 169010"><p><span style="font-size: 22px"><strong><a href="https://nypost.com/2022/06/22/not-putins-price-hike-fed-chair-breaks-with-biden-on-inflation/" target="_blank">Not 'Putin's Price Hike': Fed chair breaks with Biden on inflation</a></strong></span></p><p style="margin-left: 20px"><span style="font-size: 22px"></span></p> <p style="margin-left: 20px"><span style="font-size: 22px">I realize there are a number of factors that play a role in those historic inflation that we’re experiencing — supply chain disruptions, regulations that constrain supply, we’ve got rising inflation expectations and <strong><u>excessive fiscal spending,</u></strong> but the problem hasn’t sprung out of nowhere,” Hagerty said.</span></p> <p style="margin-left: 20px"><span style="font-size: 22px"></span></p> <p style="margin-left: 20px"><span style="font-size: 22px">“In January of 2021, inflation was at 1.4%. By December of 2021, it had risen to 7% — a fivefold increase. Now, 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%. So again, from 7% to 8.6%.”</span></p> <p style="margin-left: 20px"><span style="font-size: 22px"></span></p><p></p><p style="margin-left: 20px"></p></blockquote><p></p>
[QUOTE="hislegacy, post: 76769290, member: 169010"] [SIZE=6][B][URL="https://nypost.com/2022/06/22/not-putins-price-hike-fed-chair-breaks-with-biden-on-inflation/"]Not 'Putin's Price Hike': Fed chair breaks with Biden on inflation[/URL][/B][/SIZE] [INDENT][SIZE=6] I realize there are a number of factors that play a role in those historic inflation that we’re experiencing — supply chain disruptions, regulations that constrain supply, we’ve got rising inflation expectations and [B][U]excessive fiscal spending,[/U][/B] 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. Now, 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%. So again, from 7% to 8.6%.” [/SIZE][/INDENT] [SIZE=6][/SIZE] [INDENT][SIZE=6][/SIZE][/INDENT] [/QUOTE]
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Fed Chair exposes another Biden fallacy
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