Posted on 06/22/2021 7:30:10 PM PDT by BenLurkin
Federal Reserve Chairman Jerome Powell acknowledged Tuesday that some inflation pressures are stronger and more persistent than he had anticipated, though still not on par with some of the worst episodes the U.S. has seen historically.
Under questioning from a special House panel, the central bank leader continued to attribute most of the recent inflation surge to factors closely tied to the economic reopening.
Among them, Powell cited airline tickets, hotel prices and lumber along with generally surging consumer demand pumping up an economy that a year ago faced substantial government-imposed restrictions in the early days of Covid-19.
Those factors, he said, should “resolve themselves” in the coming months.
(Excerpt) Read more at cnbc.com ...
True - it’ll be Weimar Republic level.
Pedo joe sees no indication there might be some inflation.🤤🤢🐃💩
LMAO. We have our very own Economic Bagdad Bob!!!
We won’t see 70’s style inflation.
There is now a total lack of fiscal responsibility in the government.
This time, it will be much worse.
The billionaires aren’t worried
1930s style inflation.
Its what they dont tell you when they “answer” a question.
It is 20’s style inflation.
Joseph Stolen the new Jimmah!
A soon to be ex wife told the judge she made her husband a milionaire.
The man yelled at the judge, before her I was a bilionaire!
Translation: We are so screwed.
Yeah, we’ll long for the days of 1970s-level inflation.
Sure, that’s why investment groups and hedge funds are trying to buy homes and rental properties as fast as they can.
The fed admits that “inflation pressures are stronger and more persistent” than they predicted, then goes on to predict everything is going to be ripe peaches.
It’s very, very unlikely that the coronavirus came out of a lab studying coronaviruses. [/sarc]
Beef byproducts
We already see it. I believe it is already worse. These people are so ignorant.
Isn't that always the translation of statements from the Biden regime?
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