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Fed Chair Powell Tells Senate that Inflation Isn’t Going to End: ‘Good Time to Retire the Term Transitory’

mediaite.com
 2021-11-30

Cover picture for the articleFederal Reserve Chairman Jerome Powell told a Senate panel on Tuesday that he believed it was time to stop referring to inflation as “transitory.”. “I think the word ‘transitory’ has different meanings to different people,” Powell said in testimony to the Senate Banking Committee. “To many, it carries a time —...

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