Senior Federal Reserve official says “transitory” inflation is not actually transitory | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Senior Federal Reserve official says “transitory” inflation is not actually transitory

The consumer price index (CPI) suggests that the “transitory” inflation floated by the government is not actually transitory.

According to a senior official at Federal Reserve, the biggest burst in U.S. inflation in three decades is likely to last longer than expected and it should no longer be considered transitory. Atlanta Federal Reserve President Raphael Bostic says that the sharp increase in prices in 2021 tied to the pandemic has now broadened beyond just a handful of major goods and will not wane anytime soon.

These comments by Bostic are in contrast to the statement by the U.S. central bank leadership.

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