Federal Reserve Chairman Jerome Powell just suggested that we stop using the word "transitory" when speaking about inflation. “I think it’s probably a good time to retire that word and try to explain more clearly what we mean.” It was never transitory and everyone knew that.

3:40 PM · Nov 30, 2021

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Replying to @APompliano
We all knew it was bs anyway.
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Replying to @APompliano
What it means is the savings of millions of people are eroding due to endless money printing.
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Replying to @APompliano
This is what we call "losing narrative control"
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Replying to @APompliano
Transitory = Santa Claus
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Replying to @APompliano
And so we can finally put #Transitory to rest lol
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Replying to @APompliano
I'm glad after a year talking about transitory inflation that Federal Reserve decided to explain it to us more clearly
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Replying to @APompliano
If "transitory" dumps the risk-on, what would happen now that its not mentioned 🤔🤔
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Replying to @APompliano
i mean, did you see his hesitancy when answering the question about asking "after saying all of this is transitory, when would Jerome finally say that all of this isn't so transitory" & then Jerome replies at one point saying "transitory means something different to everybody"🤦🏼‍♂️
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Replying to @APompliano
Add that to the 400 words our govt had redefined in the Webster dictionary for political purposes. The Oxford English Dictionary would never permit such frivolous changes to our language.
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