{"id":1525998,"date":"2022-06-22T15:34:26","date_gmt":"2022-06-22T19:34:26","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1525998"},"modified":"2022-06-22T15:34:32","modified_gmt":"2022-06-22T19:34:32","slug":"hell-of-a-mess-here-sen-john-kennedy-tears-into-fed-chair-over-the-state-of-the-economy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hell-of-a-mess-here-sen-john-kennedy-tears-into-fed-chair-over-the-state-of-the-economy\/","title":{"rendered":"\u2018Hell Of A Mess Here\u2019: Sen. John Kennedy Tears Into Fed Chair Over The State Of The Economy"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">36<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhell-of-a-mess-here-sen-john-kennedy-tears-into-fed-chair-over-the-state-of-the-economy%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1525998&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<p>Republican Sen. John Kennedy of Louisiana turned up the heat on Federal Reserve Board Chair Jerome Powell over inflation and the state of the economy during a Senate hearing Wednesday.<\/p>\n<p>\u201cLook, Mr. Chairman, we got a hell of a mess here,\u201d Kennedy told Powell during the hearing held by the Senate Committee on Banking, Housing, and Urban Affairs. \u201cInflation is hitting my people so hard they are coughing up bones.\u201d <strong><a href=\"https:\/\/dailycaller.com\/2022\/06\/10\/steve-forbes-joe-biden-us-economy\/\">(RELATED: \u2018People Wonder What Planet He Is On\u2019: Former Presidential Candidate Rips Biden\u2019s Finger-Pointing On Bad US Economy)<\/a><\/strong><\/p>\n<p>\u201cPresident Biden, I don\u2019t blame him, I understand politics, he keeps saying, well, your 401(k) has crashed, and gas has gone from $2 to $5 a gallon because the economy is so good,\u201d Kennedy said. \u201cThe American people know that is not true.\u201d<\/p>\n<p><strong>WATCH:<\/strong><\/p>\n<p>The Consumer Price Index rose 8.6% year-over-year in May, the Bureau of Labor Statistics <a href=\"https:\/\/dailycaller.com\/2022\/06\/10\/consumer-price-index-highest-1981\/\">reported<\/a>. High energy prices have fueled inflation, causing landscaping companies to <a href=\"https:\/\/dailycaller.com\/2022\/06\/08\/inflation-landscaping-services-rising-costs\/\" target=\"_blank\" rel=\"noopener noreferrer\">increase<\/a> prices and also driving up food and health case <a href=\"https:\/\/dailycaller.com\/2022\/06\/10\/consumer-price-index-highest-1981\/\" target=\"_blank\" rel=\"noopener noreferrer\">costs<\/a>.<\/p>\n<p>Powell admitted during the hearing that the Fed was trying to \u201cslow down growth\u201d to address inflation, prompting Kennedy to grill him about the possibility of increasing gas and diesel supplies.<\/p>\n<p>\u201cYou can also lower demand but you can increase supply, can you not?\u201d Kennedy asked the Fed chair.<\/p>\n<p>\u201cYes,\u201d Powell said, agreeing with Kennedy that increasing energy supplies could address inflation.<\/p>\n<p>Kennedy also pressed Powell on whether providing incentives for oil refineries to re-open would help alleviate supply issues before lambasting the Biden administration over the economy.<\/p>\n<p>Kennedy and the Federal Reserve Board of Governors did not immediately respond to requests for comment from The Daily Caller News Foundation.<\/p>\n<p>Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact <a href=\"mailto:licensing@dailycallernewsfoundation.org\">licensing@dailycallernewsfoundation.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Republican Sen. John Kennedy of Louisiana turned up the heat on Federal Reserve Board Chair Jerome Powell over inflation and the state of the economy during a Senate hearing Wednesday.\u201cLook,<\/p>\n","protected":false},"author":206,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1525998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1525998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/206"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1525998"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1525998\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1525998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1525998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1525998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}