“Inflation has been caused by the global economies shutting down all at once, reopening all at once. And … the U.S. economy is recovering at a far faster pace than any other country in the OECD.”
Patrick Gaspard
president and CEO, Center for American Progress. remarks on ABC's "This Week". Claim dated 13 Feb 2022.
PolitiFact rated thisMostly True
What PolitiFact found
The U.S. has experienced faster economic growth than most of its most direct global competitors, and experts agree that this has contributed to inflationary pressures. Other pressures include Biden's fiscal policy.
Their words, from the summary they publish with the rating.
In short
Patrick Gaspard (president and CEO, Center for American Progress) made this claim around 13 February 2022. PolitiFact (United States) looked into it and published its finding on 16 February 2022, 3 days later. Its rating was “Mostly True”.
Where the claim appeared
- abcnews.go.comhttps://abcnews.go.com/Politics/week-transcript-13-22-speaker-nancy-pelosi-sen/story?id=8…
Links recorded by PolitiFact. Some posts may have been deleted since.
This check was done by PolitiFact, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.