I think the Fed clarified that they won't be using the word "transitory" anymore last week: https://fortune.com/2021/12/03/inflation-no-longer-transitory-higher

I think the Fed clarified that they won't be using the word "transitory" anymore last week: https://fortune.com/2021/12/03/inflation-no-longer-transitory-higher-prices-fed-chair-powell-treasury-yellen/ https://fortune.com/2021/12/03/inflation-no-longer-transitor...