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Fed Chair Powell to warn Congress that inflation pressures could last longer than expected – plus the $3.5T Reconciliation Bill will also cost $0. (This is a major BUY signal to me)

Fed Chair Powell to warn Congress that inflation pressures could last longer than expected – plus the $3.5T Reconciliation Bill will also cost $0. (This is a major BUY signal to me)



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  1. tldr; US Federal Reserve Chairman Jerome Powell has said inflation is elevated and will likely remain so in coming months before moderating. “As the economy continues to reopen and spending rebounds, we are seeing upward pressure on prices, particularly due to supply bottlenecks in some sectors,” he added. “These effects have been larger and longer lasting than anticipated, but they will abate,” he further said.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. Funny how they lie outright or are literally so ignorant they don’t understand basic econ, yet have positions of immense power and control over the economy granted by governments, the economy and dollar is doomed at this point let’s hope people can protect themselves from this authoritarian insanity

  3. This bill costs so much more than 3.5 trillion. It is all smoke and mirrors based on a ten year time horizon. They say that some programs don’t start for 8 years though and others cut off after 10 years even though these progress will not be able to stop at the ten year timeline. What they are doing will not be able to be unwound. That is the point. The actual cost is in the 10s of trillions but CBO scores based upon the rules you give them.

  4. Yup. Just look at every single hyper inflationary economy collapse. Crypto skyrocketed in those countries.

    Seriously, everyone needs at least 10% of their portfolio in crypto just in case things get bad with inflation.

  5. After a long time of denying the arrival of inflation, Jerome Powell finally admitted inflation but spoke of a transitional period.

    Now the rhetoric is changing and Powell will have to realize that this extremely high inflation is here to stay.

  6. Ha Ha Ha .. knew you come out with this shit in a few months, my friend Powell…You lying piece of shit…you never did listen to your Mama ever growing up when she told you not to lie did ya?

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