cheers of the spreading omicron variant. possible shutdowns, although president biden wrote that out, saying it is not on the table right now, but you ve got the news today that jerome powell on capitol hill, warns that the current inflationary situation we are all living in is not transitory as he has long said. let s bring in charlie gasparino. correct me if i am wrong. their interpretation of that is that the fed might have to change strategies, and if they are acknowledging inflation is not going to go away anytime soon. this is really not a good day for jerome powell. his policy has been totally wrong. and he probably created inflation by not moving fast enough. you can make the case that he didn t do it, didn t raise rates should have tapered sooner. i think he should have tapered a