Fed chief at odds with Biden over cause of US inflation — RT World News


Russia’s military operation in Ukraine is not the ‘primary driver,’ Jerome Powell told lawmakers

The chairman of the US Federal Reserve has rejected the White House’s assertion that soaring inflation in the country is mostly being driven by the crisis in Ukraine. During a Senate hearing on Wednesday, Jerome Powell pointed out that inflation was high even before Russia attacked its neighboring state.

He was responding to a question from Senator Bill…



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