Inflation is not "transitory" anymore according to the Fed chairman [0]. It's now just inflation and will be permanently affecting prices (i.e. higher prices to

Inflation is not "transitory" anymore according to the Fed chairman [0]. It's now just inflation and will be permanently affecting prices (i.e. higher prices today and the future will be staying higher, unless an unlikely deflation event were to push them back down) [1]. Anyone who is or was saying inflation is temporary or transitory is incorrect, as they've always have been. 0. https://finance.yahoo.com/news/fed-chairman-jerome-powell-retires-the-word-transitory-in-describing-inflation-162510896.html https://finance.yahoo.com/news/fed-chairman-jerome-powell-re... 1. https://www.lynalden.com/inflation/#transitory https://www.lynalden.com/inflation/#transitory