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Republican Sen. John Kennedy of Louisiana turned up the heat on Federal Reserve Board Chair Jerome Powell over inflation and the state of the economy during a Senate hearing Wednesday.
“Look, Mr. Chairman, we got a hell of a mess here,” Kennedy told Powell during the hearing held by the Senate Committee on Banking, Housing, and Urban Affairs. “Inflation is hitting my people so hard they are coughing up bones.”
The article goes on to state the following:
“President Biden, I don’t blame him, I understand politics, he keeps saying, well, your 401(k) has crashed, and gas has gone from $2 to $5 a gallon because the economy is so good,” Kennedy said. “The American people know that is not true.”
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