Peter Schiff argues 2021–22 inflation largely stemmed from 2020 policy moves, not Biden

What was said

"So we created the inflation under Trump it manifests itself in rising prices mainly under Biden. But if you look back at a chart of the CPI and see when it really started to rise sharply, it was in the last three or four months of Trump and then that continued and it was accelerating even before Biden's first uh you know bill was passed."

Peter Schiff argues that pandemic-era fiscal and monetary policy in 2020 drove the inflation that later showed up as higher prices during Joe Biden’s presidency. He says CPI began rising sharply in the final months of Donald Trump’s term and claims inflation would have been similarly bad under a second Trump term, adding that it could worsen if the Fed resumes large-scale bond buying.