They're very trustworthy and have society's best interests at heart (they actually think they do, with this being a prime example because not saying that inflat

They're very trustworthy and have society's best interests at heart (they actually think they do, with this being a prime example because not saying that inflation is transitory could have provoked some kind of panicked reactions that could have caused more fundamental problems for society). The, admittedly few, sources of economic information I regularly seek out were saying that "transitory" was a joke from the first time it was mentioned. The combination of money printing, pandemic cheques, national debt, 0% interest rates, low-to-zero percentage bond markets (and probably numerous other things I can't remember right now) meant that raising interest rates could cause more harm than good (although it's inevitable sooner rather than later), and the same goes for slowing down the money printer. Using the word "transitory" was a one-use-only lie acting as a pressure relief valve, and it was at least semi-obvious to those paying attention.