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 ...
Some?
Venezuela, here we come!
I hate these people. Their policies never hurt them or their elite friends. They don’t give a rat’s butt about the average American just trying to live a decent life.
By the time the Democrats get done, you’ll think you are in Venezuela.
“Can you guarantee. . .” That’s an absurd question.
Going full Zimbabazuela with a side order of Weimar and all that follows that.
I wish it was just apathy without malicious intent.
Just try to buy pool chlorine. 400% over last year.
The 1970s...15% interest and 18% inflation...
In Florida business will have to pay a least 15 dollars an hour or more to get people unemployment,,til the first of October...
Most fast food joints drive thru because they cannot get any help
Gas is up a buck a gallon...
More like rampant inflation. Its already here.
The elites don’t care about inflation. It has little effect on them.
Gas was $3.65 this morning
By the time the Democrats get done, we may think Venezuela isn’t all that bad!
Time to cross the border!
I paid $3.759 for ethanol-free 90 oct, this morning. It’s what my Jeep Grand Cherokee HEMI wants...
There’s an article on Zerohedge about Shrinkflation (quantity shrinking but the package sells for the same price). There is going to be a lot of that kind of stealth inflation.
It’s been here, idiot.
I have a Brazilian 1,000 Cruzado bill. It was given to me as a gift. I checked the exchange rate. The old Cruzado bills are worth zero. The old Cruzados were replaced with new Cruzados secretly one night. That is the plan.
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