[Congressional Record Volume 168, Number 108 (Friday, June 24, 2022)]
[House]
[Pages H5882-H5883]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                               INFLATION

  (Mr. ROSE asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. ROSE. Madam Speaker, Federal Reserve Chair Jerome Powell has 
confirmed what we knew all along: Inflation isn't because of Putin's 
disgraceful invasion of Ukraine. It is because of President Biden's and 
congressional Democrats' reckless spending.
  Earlier this week, during a Senate Banking Committee hearing, my 
friend and fellow Tennessean, Senator Bill Hagerty, pointed out that 
inflation had already risen to 7 percent well before the war in 
Ukraine.
  He asked Chair Powell if the war in Ukraine is the primary driver of 
inflation. Chair Powell responded, ``No. Inflation was high before, 
certainly before the war in Ukraine broke out.''
  This isn't a Putin price hike, it is Bidenflation, and the Biden 
administration and congressional Democrats and their allies in the 
mainstream media need to stop with the misdirection and misleading 
excuses. Thankfully, Tennesseans are smart and can recognize the 
difference.
  Taking responsibility for mistakes followed by straight talk are 
necessary prerequisites for getting us out of this

[[Page H5883]]

mess and are our minimum expectations for the President of the United 
States. President Biden must do better.

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