Posted on 05/02/2021 9:18:14 AM PDT by Hojczyk
Council of Economic Advisers chair Cecilia Rouse said on this week’s broadcast of “Fox News Sunday” that they expect to see some “transitory inflation” as America is coming out of the coronavirus pandemic.
Anchor Chris Wallace said, “Can you guarantee with all this spending that we are not going to have a new round of overheating the economy and serious inflation?
She continued, “We know that there are some places where employers are struggling to workers because, let’s face it — we’re still in the middle of the pandemic. Some workers would like to go back to work but have font child care because schools are not open and the pandemic is still out of control in certain parts of our country. When we get to the other side of this pandemic, I fully expect that our labor market will come back and be flourishing. That said, we do expect some transitory price increases.
The Feds expects that as well. We do not see evidence at the moment that those have become what we call de-anchored so that we expect runaway inflation. That said, we know we have to be vigilant, and we are watching the data. We expect, at the most, transitory inflation. That is what we expect coming out of a big recession.”
(Excerpt) Read more at breitbart.com ...
If “they” are predicting “some” “transitory” inflation, you can bet we’re about to see massive inflation.
Real property, precious metals, and crypto are about to go up, up, up.
Some?
One sheet of plywood is close to a hundred bucks?
Some? Get real Cecilia Rouse...
My daughter works at Home Depot. She said that last quarter their store exceeded their goals by almost 100%. Of course with the price of lumber up 300% that isn’t surprising.
Stimulus money + “stay at home” orders = lots of home projects.
A loaf of bread will run you about $100,000.
Inflation ? Waha ha ha Ha Ha Ha Ha
Jimmy carter
Floatron. Get one and you WONT NEED CHLORINE
Yep, seen that start a couple years ago. 4# of sugar, 12oz bacon.....
Bring back The WIN Button!
I know what you’re talking about. I usually buy individual cups of oatmeal, which last week were.99 each, today the price was $1.19.
The Lowes where I live is VERY busy..in the Garden Center! The town is so crowded and active...people and cars. Car lines on roads now. Use to be slow, no traffic
On another matter: Are the illegal aliens in the country yet? I’m in mtns and I’m hearing foreign language folks.
govt employees and the elites are making money that's for sure...
We had the chance to remove them all but we didn’t take it
STOP THE PRESSES! LET’S BRING BACK THE 5 CENT CANDY BAR!
When politicians particularly members of today’s in name only democrat party started pushing for a higher minimum wage. The focus should have been on purchasing power of the lowest coin of the realm. Each time it was passed the price of an item like an individual candy bar and everything else increased. What began at 5 cents in the 1940’s was when the minnimum wage was 50 cents an hour . As the rate steadily increased so did candy bar prices to what it is today. The result has always been since it began devaluing the purchasing power of the dollar.
High inflation. Gasoline shortages. Energy crisis. Laughing stock of the military world. Feeble-minded man in charge.
Did Jimmy Carter just show back up in the White House?
That has been going on for years...
Maybe but it will be a long transit. Venezuela to Zimbabwe.
Too true.☹️
Just as they don’t realize that corporations don’t pay taxes they pass them on to us.
https://www.msn.com/en-us/money/markets/florida-voters-lift-minimum-wage-to-2415-an-hour/ar-BB1aHgq7
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