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Jerome Powell Claims Inflation Is Transitory As Skeptics Roast His Statement

Fed Chair Powell is facing backlash after repeating his argument for inflation being merely 'transitory.' The comment, made during a recent...

Fed Chair Powell is facing backlash after repeating his argument for inflation being merely ‘transitory.’ The comment, made during a recent economic briefing, drew sharp criticism by financial analysts, crypto traders, and residents who say prices have nowhere near been temporary. Powell’s statement that said inflationary pressures were to ease over time was met with immediate skepticism as price hikes in housing, groceries, and energy have been going on and on. Alva also noted that there has been growing volatility in the markets since after Fed statements as traders have increasingly placed their bets in a binary manner as either rate hikes or pauses.

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