‘Massive fiscal and monetary response’ to COVID had ‘impact’ on inflation

During Tuesday’s broadcast of Fox News Channel’s “Special Report,” Sen. Jon Ossoff (D-GA) said the “massive fiscal and monetary response” to the coronavirus pandemic has “weighed down” on inflation.

Host Bret Baier asked, [relevant exchange begins around 3:30] “When someone says to you, what are the Democrats doing to fight inflation, what do you say?”

Ossoff replied, “Well, look, the economic stress that starts with a global pandemic, unprecedented supply chain effects, mid-2020 unemployment that was over 14%, economic ripple effects massive in all parts of the world and a huge fiscal and monetary response, all the shocks associated with our logistics infrastructure have all taken their toll. Families in my state of Georgia and families across the country are grappling with rapidly rising prices for basics like groceries and gasoline. Congress has a role to play. The Fed has a role to play. Because it’s something that affects families in my state and states across the country every day.

Baier then followed Ossoff on what he did to fight inflation.

Ossoff replied, “I have focused my attention, for example, on helping to untangle supply chain bottlenecks at the Port of Savannah in Georgia. We have the fourth largest deep water port in the country and the busiest airport in the world. I have worked to play a constructive role in supporting Georgia’s logistics infrastructure so that fewer ships steer clear of these ports, which has been a major contributor to supply chain bottlenecks. supply. I saw today that Senator Manchin offered some ideas for a possible legislative deal to fight inflation in the coming weeks. I am ready to have this conversation with Senator Manchin and all colleagues to bring ideas to the table.

Follow Ian Hanchett on Twitter @IanHanchett




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