Washington, D.C. –– Today, after voting no on Federal Reserve Chairman Jerome Powell’s confirmation, U.S. Senator Jon Ossoff issued the following statement:
“I like and respect Chairman Powell. But 8.3 percent inflation is hurting my constituents a year after the Fed predicted inflation was ‘transitory.’ The Fed persisted in massive quantitative easing even after it was clear inflation was worse than forecast. These are policy errors that have worsened inflation and hurt low-income people the most. I recognize that Chairman Powell has a difficult job in challenging times, and I sincerely hope for his success in his second term.”
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