Very disappointed with Chairman Powell. He committed to me in our conference meeting in the Banking Committee that he would stay apolitical during the Biden administration. He [Chairman Powell] stayed silent as fiscal stimulus went out of control, which led to generationally high inflation. He knew that was bad policy, but he's weighed in and given a personal opinion on tariffs, which, by the way, is incorrect. (00:55–01:11)
CLAIM
Asserts that Powell's silence during excessive fiscal stimulus contributed to high inflation.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
