CNN Contributor: ‘The Increase in Prices Obviously Long Predates the War’

‘We’ve been seeing inflation rise for most of the past year in fact for the past 6 months inflation has been above the Fed’s average target of 2 percent’

TRANSCRIPT:

RAMPELL: "The increase in prices obviously long predates the war. We’ve been seeing inflation rise for most of the past year. In fact, for the last six months, inflation has been above the Fed's average target of two percent, so this is not just about the war. This is about persistent supply chain problems, and it’s about the fact that demand is really, really strong, in part because of policy choices that we’ve made."

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CNN Contributor: ‘Increase in Prices Long Predates the War’