Federal Reserve Chairman Jerome Powell clarified that the current inflation scenario is not a typical case driven by overheated demand. He indicated that the inflation dynamics are influenced more by factors related to supply and demand imbalances rather than purely excessive demand.
Powell: Specifically on inflation, this is not because of overheated demand. (no shit is is about supply)
*POWELL: THIS INFLATION ISN'T STANDARD CASE OF OVERHEATED DEMAND Exactly. See below. https://t.co/tdy723iYjb
Fedβs Powell: Current Situation Isnβt Standard Case Of Inflation Driven By Overheated Demand
Powell saying inflation about supply and demand
FED'S POWELL: THE CURRENT SITUATION IS NOT THE STANDARD CASE OF INFLATION DRIVEN BY OVERHEATED DEMAND.
POWELL: CURRENT SITUATION IS NOT THE STANDARD CASE OF INFLATION DRIVEN BY OVERHEATED DEMAND
Powell has his hands tied in the short term with 1, 5-10Y inflation expectations creeping higher with oil prices...