Home / Breaking News / Powell: We Need To Abandon The Word ‘Transitory’

Powell: We Need To Abandon The Word ‘Transitory’

Fed Chair Jerome Powell is currently testifying before the House Financial Services Committee alongside US Treasury Secretary Janet Yellen.

More Wednesday’s Quotes:

“We need to move on from the word transitory.”

“The risks of higher inflation have moved up.”

“Demand is very, very strong from fiscal policy and a quickly rebounding economy.”

“The economy is very strong now.”

Check Also

Oil Prices Plunge as OPEC+ Increases Supply Amid Global Trade Fears

A significant shift in global oil markets occurred as major oil-producing nations announced a larger-than-anticipated …