Two to three years, we've printed about $4 trillion of new money that has been printed by the Federal Reserve bank. They've shot that money through the economy. And as a result, We're suffering from near record high inflation, 40 year high inflation, the highest food inflation since 1979. as of two days ago. And so we absolutely have a responsibility as a Congress to manage our fiscal picture in a responsible way. (16:47–16:55)
CLAIM
Asserts that the U.S. is experiencing near record high inflation and the highest food inflation since 1979.
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