There's a 'clock running' on inflation turning permanent: Fed's Powell

, the Fed chair cited supply chain bottlenecks and hiring difficulties as some inflation drivers expected to be fleeting.

The Fed has pursued its maximum employment and price stability goals since the 1970s, but doing so today is"a very different exercise than the one that we've had for the last 25 years" when inflation was low, Powell said Wednesday. Uncertainty around what the post-pandemic economy will look like leaves the central bank with little precedent for setting policy, and that's played a significant role in letting inflation reach such dizzying heights, he added.

It remains to be seen which inflationary environment becomes the new global norm. Advanced economies struggled with below-target inflation in the decades leading up to the pandemic. Yet the supply chain tangle and Russia's invasion of Ukraine have exposed just how vulnerable the globalized economy has become.

The US is beyond bankrupt.. everything that needs money right now. Is basically coming fresh off the printing press…. We keep dishing out billions to other countries like it’s nothing. WE ARE IN FOR A WORLD OF PAIN….

This is all intentional. NWO

His comments are essentially an admission that nothing the Fed has left in the tool bag will liky work to avoid a recession. There is more money in circulation and while they are increasing borrowing rates to dry up this excess it will not be enough. Going to be a slim Christmas

InvestmentTalk3 Lol

Take the timely measures to avert it

From transitory to permanent in a year!!

DreadBong0 EndTheFed FAKEECB In Kek We Trust

Can't link anything that he said to him warning 'that sky-high inflation could turn permanent'...

Its the opposite of what he said a year ago? Then the majority got REKT w/stocks and crypto? Now hes saying its bad.. average people willl get REKT again listening to this guy.. hahah

Bitcoin fixes this

FED pivot. It's capitulation.

Rules, regulations, laws, accountability, Irs forensic accountants & hiring,off shores,certain tax brackets actually paying theirs is a good start. 101 also wage increases which haven't kept up with inflation. Most of us know the real causes of inflation & are sick of the bs

This guy has the tools to tackle inflation 🤦🏻‍♂️

Well that’s was a refreshing read

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