What if they are right? If it's 12-18 months of 8-9% inflation, it's probably fair to call it transitory. We just had 12 months of inflation during a wicked sup

What if they are right? If it's 12-18 months of 8-9% inflation, it's probably fair to call it transitory. We just had 12 months of inflation during a wicked supply chain storm after a pandemic, and a war which has further squeezed energy prices. Here is a chart from bls: https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm https://www.bls.gov/charts/consumer-price-index/consumer-pri... Notice when it last went above 5%? When oil hit 140+ back in 2008. Energy prices ripple through a lot of categories. If energy tanks, and it always has, we might fly back to 0% inflation in a hurry. Powell might not have a crystal ball, but he's no dummy.