Toomey Statement on Inflation Reaching Nearly 40-Year High

Washington, D.C. – U.S. Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) released the following statement after the November Consumer Price Index (CPI) release showed inflation reaching a 39-year high.

“Today’s jaw-dropping inflation report should alarm every single American, but especially policymakers. Hardworking American families are suffering as a direct result of the Biden administration’s reckless borrowing and spending and anti-energy policies. If the message wasn’t clear enough before, it’s crystal clear now. Democrats should immediately halt plans to advance their nearly $5 trillion spending spree and the Fed should quickly normalize monetary policy before it falls further behind the curve.”

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