Did Powell Just Admit Inflation Isn't Transitory?
Through all of the clear as mud nonsense from Jerome Powell this week, it's becoming more obvious the transitory inflation thesis is wrong.
Look I'm going to admit right upfront that I didn't listen to Powell's entire commentary. But a quote this week from the same Federal Reserve chair who has been saying for months that inflation will be transitory seems to contradict the idea that inflation will be transitory.
"The current inflation spike is really a consequence of supply constraints meet…
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