Minneapolis Fed. Reserve Chairman Undercuts Biden Narrative

Joe Biden
"Joe Biden" by Gage Skidmore is licensed under

Nothing good ever comes from being dishonest with the American people.

Putting a positive spin on COVID haunted Trump during his presidency.

Biden is now trying something similar, only his own people are not backing it up, and it will cost him.

Just Tell Us the Truth

Better to let the American people know bad times are ahead than to sugarcoat things and allow them to get torpedoed.

Biden learned nothing from Trump’s mistake, as he continues to push a narrative that this country is doing just splendidly right now.

However, Federal Reserve Bank of Minneapolis CEO and President Neel Kashkari is dishing out a truth bomb.

He stated, “It’s very concerning. We keep getting inflation readings, new data that comes in as recently as this past week, and we keep getting surprised. It’s higher than we expect.

“And it’s not just a few categories.

“It’s spreading out more broadly across the economy and that’s why the Federal Reserve is acting with such urgency to get it under control and bring it back down.”

Supply chain issues continue to be a significant problem for this administration.

Biden wants us all to believe that this is all the #PutinPriceHike, but anyone with common sense saw this happening well before the war with Ukraine started.

That was just a conveniently timed excuse that Biden has used and abused.

While Joe Biden has touted the bill recently released by Manchin and Schumer as a tool to fight inflation, Kashkari says otherwise.

He stated, “Over the short term, the demand side effects totally swamped the supply side effects.

“And so, when I look at a bill that’s being considered that your two senators talked about, my guess is over the next couple of years, it’s not going to have much of an impact on inflation.

“It’s not going to affect how I analyze inflation over the next few years.”

If anything, many experts believe the immediate impact will be to increase inflation even more.

You can read the full report on Fox Business.