Tag: Spending

Daines Questions Fed Chair Powell On Effects of Democrat Spending On National Debt

U.S. SENATE—U.S. Senator Steve Daines at a Senate Banking Committee hearing today questioned Federal Reserve Chairman Jerome Powell on the long-term effects President Biden and Senate Democrats’ inflationary spending will have on the federal debt. Chairman Powell agreed with Senator Daines that President Biden and Senate Democrats’ inflation crisis will add fuel to the fire of the already staggering national debt. A transcript and video of the exchange is below: Click HERE to watch and download. Senator Daines: “Chairman Powell — you’re raising interest rates to combat the inflation we’ve seen in the economy over the past few years. Is that correct?” Chairman Powell: “Yes.” Senator Daines: “And although this