Raise the rates rather quickly he says, but he said inflation was just "TRANSITORY"!!!

S

S2007S

Powell is getting a bit nervous, wasn't this inflation so obvious, I mean what do.you get when you print free money for wallstreet and keep QE on full capacity mode for years and years. Of course you get inflation, looks like he's going to have to get those rates higher and higher, at least to 5% or more maybe 6 or 7% but no one wants rates this high especially when the fed balance sheets are a bit upside down. Anyways Mr powell snd friends should have seen this coming years ago but instead they just continued to print trillions after trillions with not a worry in the world and just recently he was saying inflation was transitory, oh is it. So I guess the extra 25-40% more I'm paying now for food and services is going to slowly come back down in price once this transitory inflation magically disappears on its own, RIGHTTT because that' NEVER NEVER NEVER happens. Once food costs go up they STAY up forever, so everything you see price wise isn't coming back down, even if the fed claims inflation is transitory. Too late now, the fed had every bit of an opportunity to raise rates, but nope they rather give wallstreet the joy and happiness of free trillions!!!!



https://www.cnn.com/2022/03/21/economy/federal-reserve-powell-bostic-interest-rates/index.html
 
Well because he's raising interest rates larger than 25 basis points, that's why the inflation would be transitory, hopefully.
 
S2007S said:
So I guess the extra 25-40% more I'm paying now for food and services is going to slowly come back down in price once this transitory inflation magically disappears on its own,
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Transitory inflation doesn't mean prices will eventually return back down to where they were before, that would be 'deflation'.

Transitory inflation means they think the inflation rate will drop back to 2% at some point in the near future.
 
Is inflation going to run out of control soon? Next meeting is in May and a 25 basis point increase seems very tepid.

I have a bit of bittersweet happiness for all the people who voted for Biden. They're getting what they deserve.
 
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If you believe anything a central banker says I can sell you the London bridge at a very very cheap price.
 
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S2007S said:
So I guess the extra 25-40% more I'm paying now for food and services is going to slowly come back down in price once this transitory inflation.......Once food costs go up they STAY up forever, so everything you see price wise isn't coming back down, even if the fed claims inflation is transitory...... but nope they rather give wallstreet the joy and happiness of free trillions!!!!
https://www.cnn.com/2022/03/21/economy/federal-reserve-powell-bostic-interest-rates/index.html
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%%
STOP paying 25-40% extra for food;
grow a garden, learn to hunt or fish. IF you dont want to fish + i seldom do that/that's a choice to pay more for fish. NO way is that the Fed's fault.
BUT frankly back to my main points\imported fish, fish has actually gone down notably past 2 years, except for salmon in US which i seldom buy/too HI . Used car prices=transitory.:caution::caution:
 
RGLD said:
Is inflation going to run out of control soon? Next meeting is in May and a 25 basis point increase seems very tepid.

I have a bit of bittersweet happiness for all the people who voted for Biden. They're getting what they deserve.
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Oh we got what we wanted alright.

Though nothing bittersweet about replacing the very, very stable "genius" with Sleepy Joe.

But what has that got to do with JPowell?
 
SunTrader said:
Oh we got what we wanted alright.

Though nothing bittersweet about replacing the very, very stable "genius" with Sleepy Joe.

But what has that got to do with JPowell?
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He's not so sleepy is he? If he was sleepy, we wouldn't be in this mess.

I just love how he blames inflation/high gas on Russia and hires tik tockers to spread his lie. The older generation don't have a chance if he's able to fool enough young voters to vote for him again.

He's got as much to do with JPowell as the amount of influence the president has over the fed. We'd like to think the fed is independent, but how much clout do the Dems have over them? I'd think quite a lot of back channeling. As a matter of fact, I'd guess they influenced the fed to raise it by only 25 basis points instead of 50 because it's an election year and they don't a want a reccession. But that's just my speculation.
 
RGLD said:
He's not so sleepy is he? If he was sleepy, we wouldn't be in this mess.

I just love how he blames inflation/high gas on Russia and hires tik tockers to spread his lie. The older generation don't have a chance if he's able to fool enough young voters to vote for him again.

He's got as much to do with JPowell as the amount of influence the president has over the fed. We'd like to think the fed is independent, but how much clout do the Dems have over them? I'd think quite a lot of back channeling. As a matter of fact, I'd guess they influenced the fed to raise it by only 25 basis points instead of 50 because it's an election year and they don't a want a reccession. But that's just my speculation.'
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Right, speculation. But if tRump was still in, I speculate you would speculate differently.

Tik tockers lol, come on man. :)
 
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