Rep. Steil: Biden’s ‘Reckless Spending’ Is What Got Us Here

RUSH EXCERPT:

STEIL: “We had Federal Reserve Chairman Jay Powell before us in the committee on financial services, he more or less admitted that. This is something that I’ve been raising the alarm on since 2020 with Chairman Powell. The Fed ran reckless on pumping more money into the economy. It was really allowing the Biden Administration to take on all this reckless debt and those two issues combined is what led to the inflationary way we are under. Now raising interest rates later than they should have, we are in a pickle, but the reckless spending got us here.”