The Long term bond bomb 🤬 #shorts #bonds #markets #rates

🔥👍 “These one-time increases in prices are likely to have only transient effects on inflation,” Powell said in March 2021.

Fed Chair Jerome Powell and other Fed officials told Americans not to worry.

They argued that high inflation was due to a series of weird circumstances, such as supply chain issues and comparisons to 2020 when economies were shut down.

Plus, the trend line was driven by a few goods, such as used cars, and it was not-broad based. According to Powell, soon everything would go back to normal.

Treasury Secretary Janet Yellen expected inflation to drop by the end of 2022.

Biden said, "These steps will enhance our productivity, raising wages without raising prices”.

They were all wrong. Any accountability? Media calling this out?

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Видео The Long term bond bomb 🤬 #shorts #bonds #markets #rates канала Mark Moss