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Not Transitory
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Not Transitory

Fed Chair: Probably a good time to retire that word transitory

Erick Mokaya
Dec 6, 2021
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Succinct Summary: Jerome Powell struck a much different tone last week on inflation and monetary policy. The Fed chair said that the Fed may end asset purchases sooner than initially planned and acknowledged that this inflation is not transitory. Meanwhile, the Omicron variant is demonstrating that Covid may be with us for a long time. The consumer face…

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