(Washington, DC) — The head of the Federal Reserve says inflation isn’t ending anytime soon- despite saying it was “transitory” weeks ago. During a Senate hearing, Fed Chair Jerome Powell added it’s probably time to stop referring to inflation as “transitory.” He said inflation is expected to start turning around sometime next year. Inflation hit a 30-year record in October, with consumer prices rising over six-percent.
Were They Lying Or Bad At Their Job: Fed Chief Now Warns About Inflation
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