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Fed's Powell says risk of higher inflation has increased

EconomyNov 30, 2021 11:06AM ET
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© 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."

 

 

Fed's Powell says risk of higher inflation has increased
 

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Comments (34)
Options Trader
Options Trader Dec 01, 2021 12:30AM ET
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Why has everything been hijacked by politics. Fed policy, science, information, and logic.
Pak Cu
Pak Cu Nov 30, 2021 1:26PM ET
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Omnicron just for fun
William Bailey
William Bailey Nov 30, 2021 12:53PM ET
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No more free wallstreet cash!!! 70 percent drop by summer !!!!
Jamie An
Jamie An Nov 30, 2021 12:50PM ET
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Yes, omnicron is just a COLD. but Bloomburg and Blackrock Shorts will use this for their profits.
Ac Tektrader
Ac Tektrader Nov 30, 2021 12:14PM ET
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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.
Ramsey Bouhadir
Ramsey Bouhadir Nov 30, 2021 12:12PM ET
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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
Ac Tektrader
Ac Tektrader Nov 30, 2021 12:07PM ET
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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.
Matt Brackley
Matt Brackley Nov 30, 2021 12:06PM ET
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Deflation is here....fixed
Kerry kong
Kerry kong Nov 30, 2021 11:59AM ET
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Powell, you, a lawyer, all your life, a liar. I love your kiss of a spider woman.
Andrew Ho
Andrew Ho Nov 30, 2021 11:59AM ET
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he must buy a lot of put before he speaks. *******
me ish
me ish Nov 30, 2021 11:58AM ET
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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
Thomas DeVito
Thomas DeVito Nov 30, 2021 11:56AM ET
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he does realize oil is tanking and people aren't actually earning more?
me ish
me ish Nov 30, 2021 11:56AM ET
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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,
IceIce Baby
IceIceBaby Nov 30, 2021 11:52AM ET
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I wonder if this guy works as much as he talks.
hd tv
hd tv Nov 30, 2021 11:47AM ET
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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
Jhonatan Souza
Jhonatan Souza Nov 30, 2021 11:41AM ET
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MONEY GOES BRRRRRRRRRRR
Mark Manley
Mark Manley Nov 30, 2021 11:40AM ET
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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
Daniel Short
Daniel Short Nov 30, 2021 11:40AM ET
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but their average/minimum wage is higher to compensate
Henrique Donato
Henrique Donato Nov 30, 2021 11:40AM ET
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Daniel Short  no it isnt.
Triyoga Prasetya
Triyoga Prasetya Nov 30, 2021 11:38AM ET
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Why it is coindence with omicron fears globally.. is omicron a cover up inflation fears?
William Bailey
William Bailey Nov 30, 2021 11:38AM ET
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Turn the wallstreet printer off… problem solved
William Bailey
William Bailey Nov 30, 2021 11:33AM ET
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Oh wait!!! Inflation!!! You got to up interest rates and turn tbe printer off !!! Or, is he blaming a random variation for his stupidity ?
William Bailey
William Bailey Nov 30, 2021 11:24AM ET
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Crank up the printer?!
Ricardo Diogo
Rcd72 Nov 30, 2021 11:23AM ET
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it was the Powell code for the homies to sell
Jesse Charles
Jesse Charles Nov 30, 2021 11:22AM ET
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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".
Majid Khan
Majid Khan Nov 30, 2021 11:22AM ET
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Buy gold
Ricardo Diogo
Rcd72 Nov 30, 2021 11:21AM ET
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now is the time shopping bag holders
 
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