LOL: Fed’s Jerome Powell retires ‘transitory’ inflation

Well, you can say goodbye to the nauseating term “transitory.”

Federal Reserve Jerome Powell ostensibly retired the word when discussing skyrocketing inflation.

Powell told Congress during his testimony that it’s “probably a good time to retire that word.”

“The word ‘transitory’ has different meanings to different people,” he said. “We tend to use it to mean that it won’t leave a permanent mark in the form of higher inflation.”

This is hilarious.

Unless you are seeped in Keynesian nonsense, you never would have thought inflation would be “transitory.”