about it. they just enjoy the experience of lying. it makes them feel alive. janet yellen is one of those. watch. you re here to tell you that the inflation you re experiencing every day is not real. it s a mirage. it s, quote, transitory. we ve had several months of high inflation that most economists, including me, believe will be transitory. i personally believe that this represents transitory factors. are higher prices here to stay? i believe it s transitory, but i don t mean to suggest that these pressures will disappear in the next month or two. it is important that we monitor it carefully, but i believe fundamentally that this is something that will settle down transitory to time. you hear that she s an economist. she s not a scam artist.
about it, just enjoy the experience of lying. it makes them feel alive. janet yellen is one of those those. watch her here tell you that the inflation you re experiencing every day is not real. it s a mirage. it s, quote, transitory. we ve had several months of high inflation that most economists, including me, believe will be transitory. i personally believe that this represents transitory factors. are higher prices here to stay? i believe it s transitory, but i don t mean to suggest that the pressures will disappear in the next month or two. it is important that we monitor carefully, but i believe fundamentally, you know, that this is something that will settle down. transitory? transitory. tucker: did you hear that? she s an economist. she s not a scam artist who got rich from bribes disguised as
With Hong Kong’s monetary policy linked to that of the US, hopes of respite from higher prime rates in 2023 are doomed to disappointment. Despite expectations of policy easing, the Fed is solidifying its anti-inflation credentials as the influence of any central bank rests on its credibility.
can we trust their analysis? transitory. everyone s favorite word. listen, for most of this word i was talking to moms and dads around america who were making the decision with the tankful the gas or go in the grocery store and fill up grocery cart. now you can add heating your home to that equation. last week. october of 21 to october of 22. we say real wage decrease. of course, the main thing that we have that s on the horizon that i don t think any of us have paid enough attention to is looming rail strike and what may happen there and we have to ask ourselves where is the transportation secretary. is he supposed to be boy wonder. boy wonder needs to make a deal. this could hurt families even more. so there s a lot of bad news out on the horizon and we just hope and pray for everybody that it gets better for this holiday season. but i don t see any solution coming out of the biden administration yet. bill, morgan touched on something here that is not
if they don t do enough you can see and if they end up doing too much, they could end up causing a recession. we saw a case study in which, really impact the economy as well. everyone focuses on the firm transitory. the pandemic, obviously, the war in ukraine, and a looming rail str strike, how much does it factor into how jay powell are meeting and talking about raising rates? they are in some sense transitory, though i think the word transitory means twice as long as we wish it would be. there s some unusual factors