Inflation Week! Again
It's inflation week in the US, which means finance-focused social media will ready their best (or, more aptly, worst) "transitory" jokes in anticipation of another elevated read on consumer prices across the world's largest economy.
During the Q&A portion of last week's post-FOMC press conference, Jerome Powell promised the Fed wouldn't permit high inflation to "become a permanent feature" of American life.
At the same time, he conceded that inflation is likely to remain high well into nex
Powell not being reappointed could change everything.
Personally, I think they are all going to dance to the same song, regardless of who sits in the chair…..??, it would give the economorons something to write about though
I have a distinct feeling Powell whom I always thought of as a realist feels painted into a corner.. This will become a watch what he does (personally) not a what he says in his work function.. Tough job especially now..