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Fed Chair Jerome Powell Admits It’s Time to Retire Phrase “Transitory Inflation”

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the staff of the Ridgewood blog

Ridgewood NJ, Federal Reserve chairman Jerome Powell has put his tail between in legs and admitted at a Senate hearing the other day that inflation isn’t “transitory.” With inflation now at 6% Powell acknowledged: “I think it’s probably a good time to retire that word and try to explain more clearly what we mean.”

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Commodity Price Index Up 58% Since the November Election

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the satff of the Ridgewood blog

Ridgewood NJ, its my story and I am sticking to it , is Fed Chairman Jerome Powell going to stick with his story of “transitory inflation?”

Continue reading Commodity Price Index Up 58% Since the November Election