Stuart Varney warns of US inflation spiral amid Russia-Ukraine war

FOX Business host Stuart Varney argues 'inflation is not limited to energy' during his 'My Take.'
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STUART VARNEY: Inflation is not limited to energy. The price of wheat has risen an astonishing 50 percent since February 24th. When the war began. You get a shock at the gas station. You get a shock at the grocery store.

What's Biden going to do about it? Not much. He talks about spending more money to lower costs. Not sure that works. He is said to be considering going ahead with the keystone pipeline. Bit late for that.

What's the Fed doing about it? Jay Powell will raise interest rates a quarter point this month. That won't do much short term.
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Видео Stuart Varney warns of US inflation spiral amid Russia-Ukraine war канала Fox Business