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Psaki Said No One Could Have Predicted That Inflation Would Soar To Record Highs! [WATCH]

White House Press Secretary stated that no one could have predicted inflation would soar to record highs.

“As a result of President Putin’s invasion of Ukraine and the impact on the global energy markets — those are all steps and impacts that I don’t think that anyone could’ve predicted a year ago,” Psaki said.

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The US has faced the highest inflation rate in the past four decades, and we can’t see its end.

Even though that’s a lie, the current inflation rate is 8.5%; Biden said that his priority is fighting inflation. Gas prices also skyrocketed before Putin’s invasion of Ukraine, and economists said that inflation would not be transitory.

“Calling inflation “transitory” was a historically bad move for the Federal Reserve, according to Allianz Chief Economic Advisor Mohamed El-Erian.” CNBC reported.

“The characterization of inflation as transitory is probably the worst inflation call in the history of the Federal Reserve, and it results in a high probability of a policy mistake,” the former Pimco CEO and current Queens’ College president said

“So, the Fed must quickly, starting this week, regain control of the inflation narrative and regain its own credibility,” he added. “Otherwise, it will become a driver of higher inflation expectations that feed onto themselves.”

Source
The Gateway Pundit Twitter YouTube

Addison Wilson

A passionate teacher in English Language and Literature ready to give her best! Developing and implementing diverse curriculums covering a wide range of subjects. With my problem-solving skills, every job will be easily completed, so punctuation is my strength. Highly skilled at motivating students through positive encouragement and reinforcement of concepts via interactive classroom instruction and observation. My working style fits every personality type, so it makes me a great team player. I have completed numerous journalistic projects successfully, so digging for further information is my field. Fighter for freedom of speech! The truth must be revealed!

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