Federal Reserves Just Issued Dire Warning

The Fed­er­al Reserve admit­ted Wednes­day that infla­tion could increase quick­er and for longer than the cen­tral bank has pro­ject­ed in recent months.

Infla­tion could turn out to be “high­er and more per­sis­tent” than pre­vi­ous­ly expect­ed if sup­ply con­straints con­tin­ue to plague many eco­nom­ic sec­tors as they are now, Fed­er­al Reserve Board Chair­man Jerome Pow­ell said dur­ing a press con­fer­ence Wednes­day. Fed offi­cials includ­ing Pow­ell have repeat­ed­ly stat­ed that con­sumer price increas­es would be “tran­si­to­ry,” last­ing 6–9 months, accord­ing to Forbes.

“Infla­tion has increased notably and will like­ly remain ele­vat­ed in com­ing months before mod­er­at­ing,” Pow­ell said dur­ing the press conference.

ANNOUNCEMENT:

Big Tech is at war with you! They don't want you to see the truth.

DONT LET THEM WIN THE WAR! 

 

#populist_share_buttons
Send this to a friend