Is inflation looming?
02-27-2022, 04:43 PM
#106
Gets Weekends Off
Joined APC: Oct 2006
Position: Center seat, doing loops to music
Posts: 825
Originally Posted by ShyGuy
Absolutely insane the Fed is still buying 120 BILLION monthly in bonds until March 31st.
03-22-2022, 12:00 PM
#107
Perennial Reserve
Thread Starter
Joined APC: Jan 2018
Posts: 11,477
so much for “transitory”y of
LONG INFLATION. While much of the political world focused on the confirmation hearings of Supreme Court nominee Ketanji Brown Jackson, across town in Washington on Monday, Federal Reserve Chairman Jerome Powell delivered a speech that could reverberate through the next two election cycles.
What was so politically consequentialabout Powell's speech? His declaration that he expects it will take three years to bring inflation, currently at 7.9% annually, its highest rate in four decades, back to a normal level. "The inflation outlook has deteriorated significantly this year, even before Russia's invasion of Ukraine," Powell told the National Association for Business Economics. "The rise in inflation has been much greater and more persistent than forecasters generally expected."
What was so politically consequentialabout Powell's speech? His declaration that he expects it will take three years to bring inflation, currently at 7.9% annually, its highest rate in four decades, back to a normal level. "The inflation outlook has deteriorated significantly this year, even before Russia's invasion of Ukraine," Powell told the National Association for Business Economics. "The rise in inflation has been much greater and more persistent than forecasters generally expected."
03-29-2022, 10:52 AM
#108
Gets Weekends Off
Joined APC: Jul 2018
Posts: 1,091
https://www.reuters.com/business/fin...19-2022-03-29/
Interesting article… recession in 1 to 2 years, according to some people.
Interesting article… recession in 1 to 2 years, according to some people.
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