Joe Biden was furious when a top government official admitted this massive failure

Joe Biden’s Presidency has been an absolute disaster for the country.

Even his own officials can’t keep a lid on how bad it’s been.

And he was furious when a top government official admitted this massive failure.

Joe Biden’s incompetence and socialist policies have taken an economy recovering from the pandemic to the verge of a recession.

After going on a multi-trillion dollar debt-fueled spending spree, inflation is at its highest level in 40 years.

The Federal Reserve has been left with the task of cleaning up Biden’s catastrophic inflation.

To combat inflation, the Fed has begun raising interest rates to pump the brakes on the economy.

But the Fed is forced into a tightrope walk as it raises rates.

If it raises them too quickly, it could plunge the sputtering Biden economy into a deep recession.

The goal of the Fed has been to pull off this tightrope walk with a soft landing.

A soft landing would be raising interest rates to slow down prices increases without crashing the economy.

Federal Reserve Chair Jerome Powell has been one of the most confident officials about the state of the economy and the Fed’s ability to nail the soft landing.

Now in a new NPR interview, even the usually sunny Powell is becoming pessimistic about the direction of the economy.

He remarked about the challenges facing the Fed going forward.

“So I would say that we fully understand and appreciate how painful inflation is, and that we have the tools and the resolve to get it down to 2%, and that we’re going to do that,” Powell remarked.

“I will also say that the process of getting inflation down to 2% will also include some pain, but ultimately the most painful thing would be if we were to fail to deal with it and inflation were to get entrenched in the economy at high levels, and we know what that’s like,” he added.

Powell admitting some economic pain is coming is devastating news for Joe Biden.

Truth be told, the understated Powell admitting pain is coming is a bad sign for the future direction of the economy.

Last year, he was calling for strong economic growth, but rampant inflation has soured him on that prediction.

But that wasn’t the worst news about the economy.

In an about-face, Powell admitted that a soft landing is out of the Fed’s hands.

“So the question whether we can execute a soft landing or not, it may actually depend on factors that we don’t control,” he said.

Previously, Powell sounded confident the Fed could pull off the soft landing but now his tone has turned more pessimistic.

The economic news is getting worse with Powell offering these dour predictions in an interview.

His previous overly optimistic outlook for the Biden economy is giving way to reality.

No matter what happens with the Fed, troubled waters are ahead for the Biden economy.

Stay tuned to Conservative Underground News for any updates to this ongoing story.