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Sep 12, 2026

John Kennedy Grills Biden-Era Economist — His Inflation Questions Hit a Nerve!...

John Kennedy Grills Biden-Era Economist — His Inflation Questions Hit a Nerve!

The Background Question That Changed the Tone

Senator John Kennedy did not take long to turn a congressional hearing on affordability into a pointed debate over political accountability. With Americans still concerned about the cost of everyday life, Kennedy challenged the panel to explain not just why prices remain high, but what practical steps could bring them down.

His attention soon turned to Dr. Julie Margetta Morgan, president of The Century Foundation and a former member of the Biden administration who had worked at the Consumer Financial Protection Bureau under Director Rohit Chopra. Kennedy argued that her previous government role was relevant to the discussion, particularly as she criticized President Donald Trump’s economic policies. He also blamed policies from the Biden years for helping drive inflation to 9%—a claim he raised during the exchange, rather than an independently established finding about Morgan’s personal responsibility.

Kennedy’s point was unmistakable: if policymakers want to explain America’s affordability problems, he believes they should also answer for the decisions made under previous administrations.

“How Do You Get Prices Down?”

Then came the question at the heart of the hearing.

Kennedy repeatedly brought the conversation back to the same issue: how do you actually lower prices? He pushed the witnesses to move beyond broad policy arguments and explain what they believed would make life more affordable for ordinary Americans.

When the discussion turned to deflation, Kennedy delivered one of his sharpest lines. “If you believe in deflation, as we see it in the world, you need to change your meds,” he said, pointing to China as an example of the risks he associated with falling prices and weak economic conditions.

His argument was that trying to force prices downward could carry serious consequences, including economic stagnation and job losses. Instead, Kennedy advocated expanding economic output, encouraging businesses to grow, and raising wages so workers could better manage the cost of living.

He pressed Kevin Brown, president of the National Association of REALTORS, on whether increasing housing inventory would require businesses to expand and the broader economy to grow. Brown pointed to measures such as increasing inventory and reducing zoning restrictions, while noting that housing affordability was more complicated than a single explanation.

The exchange revealed a central tension: Kennedy wanted direct answers about economic growth and wages, while the witnesses approached affordability from different policy perspectives.

The Federal Jobs Guarantee Question

The confrontation became even more pointed when Kennedy turned back to Morgan and asked whether she supported a federal jobs guarantee.

Morgan answered yes.

Kennedy immediately followed up with the question he wanted answered: how would the government pay for it? He mocked the idea that the money might simply appear, invoking the Easter Bunny in a sarcastic challenge to the proposal’s financial feasibility.

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