Even Fed Chair Powell can’t hide it anymore. Inflation is here to stay, and it’s NOT transitory. In fact, Powell was quite blunt about it too, saying it’s time to retire the term “transitory” as it doesn’t apply for our case of run away inflation. Thanks again Joe and the communist Democrats! You’ve devalued the dollar even more and crashed the stock market again today!
NEW: Powell says it's time to retire the word "transitory" regarding inflation https://t.co/X4KdvBTmrZ pic.twitter.com/DcmgrcImio
— Bloomberg (@business) November 30, 2021
It was a good run, "team transitory". Time to rebrand as "team 2% trend inflation will return after the pandemic" https://t.co/ujdohF5AL3
— David Beckworth (@DavidBeckworth) November 30, 2021
From transitory to persistent.
That's what happens when you sweet talk the data with a false narrative for months because you don't want to taper until absolutely forced to.
These people are dangerous. https://t.co/5MNESrxOTT— Sven Henrich (@NorthmanTrader) November 30, 2021