Psaki Says No One Could’ve Predicted Inflation Crisis
‘Those are all steps and impacts that I don’t think anyone could have predicted a year ago’
May 10, 2022 6:00 AM
By Grabien Staff
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TRANSCRIPT:
PSAKI: "We know, if we look at the recent inflation data, a large — depending on which data you look at, two thirds to even 70 percent of inflation data is a result of energy prices. A large part of that is the result — and Chairman Powell has spoken to this and Secretary — Secretary Yellen has also spoken to this — is 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 anyone could have predicted a year ago."
