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Fed's Powell says risk of higher inflation has increased

Published 11/30/2021, 11:04 AM
Updated 11/30/2021, 11:06 AM
© Reuters. Federal Reserve Chair Jerome Powell testifies before a Senate Banking Committee hybrid hearing on oversight of the Treasury Department and the Federal Reserve on Capitol Hill in Washington, U.S., November 30, 2021. REUTERS/Elizabeth Frantz

(Reuters) - The higher prices seen today are generally related to the pandemic, but some price increases are also being seen more broadly and the risk of higher inflation has increased, Federal Reserve Chair Jerome Powell said on Tuesday.

"Generally, the higher prices we're seeing are related to the supply and demand imbalances that can be traced directly back to the pandemic and the reopening of the economy," Powell said during a hearing with the U.S. Senate Banking Committee. "But it's also the case that price increases have spread much more broadly ... and I think the risk of higher inflation has increased."

 

 

Latest comments

Why has everything been hijacked by politics. Fed policy, science, information, and logic.
Omnicron just for fun
No more free wallstreet cash!!! 70 percent drop by summer !!!!
most commodities have already started to break down below major support levels... inflation is not going to be the issue, we are in what old time market traders called a flagpole economy... something is getting ready to happen ...there is possible 1600 pt one day drop in the dow coming in the near future.
All he need to do is to stop talking about inflation and do something about it what he is doing know its causing more issue
when a crash really takes hold everything is sold real estate gold silver criptos commodities as well as stocks .....look at the charts for 2000, 2008, 2020.
Deflation is here....fixed
Powell, you, a lawyer, all your life, a liar. I love your kiss of a spider woman.
he must buy a lot of put before he speaks. *******
gold will go higher, but only once the USD and bonds go lower - for now, were about to have a massive crash in the markets, so for now, the USD and bonds are the safe haven, but once the crash has really taken hold, gold and silver will come into their own, as will BTC, but for now, the safe haven is the USD and it will be above 100 again on the DXY very soon
he does realize oil is tanking and people aren't actually earning more?
Totally planned - Plandemic, planned lockdowns, planned destruction of global economy excepting Big Tech, planned money printing to create massive inflation - why? To inflate away the vast debts of the global economy - corporate debts and government debts - they are unable to repay those debts or even make the interest payments if interest rates ever go up - so inflation is going to have to remain higher than interest rates, so you'd better get used to it folks - this is by design - every last bit of it,
I wonder if this guy works as much as he talks.
the risk of higher inflation hasn't increased. he's just beginning to accept want many people and most the data has been pointing out for months now
MONEY GOES BRRRRRRRRRRR
I've traveled a little and people outside the US pay many times more for gasoline and other necessities, I'm not concerned if we have to pay a little more in the US
but their average/minimum wage is higher to compensate
 no it isnt.
Why it is coindence with omicron fears globally.. is omicron a cover up inflation fears?
Turn the wallstreet printer off… problem solved
Oh wait!!! Inflation!!! You got to up interest rates and turn tbe printer off !!! Or, is he blaming a random variation for his stupidity ?
Crank up the printer?!
it was the Powell code for the homies to sell
Our Dollar holds no Value. And, when it Collapses. The whole World will go into a Eco Depression. And, that's when America will Suffer Horrendously with Starvation and Death. But, that's the Globalist Plan to bring in their "New World Order".
Buy gold
now is the time shopping bag holders
May GOD punish you, Powel.
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