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  • Powell: Fed Will Wait for Actual Inflation as Trigger for a Rate Rise

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So we will still be in waiting mode??
Actual inflation? Whats that?
Suppose we can say in the stores that we are not going to pay those high prices because its not real inflation ((:
dovish or hawkish?
Quoting tahakazmi
dovish or hawkish?
so far is going dovish, he is saying that NO interest rates will be raised until "real inflation" is seen... cause this inflation is temporary, or at least is perceived as that
Quoting Banditten
Actual inflation? Whats that?
Tremendous question. There is the expected price adjustments due to stuff-ups by stopping the physical economy for reasons of control during the Covid scare. Whole new cars not being made coz they are missing a chip, etc.

Being a pompous Elite, he thinks that the only inflation that matters is inflation that he makes by printing money. The inflation that is the slimy green gooey stuff that oozes out of old pipes about to burst.

And this won't happen, because it will all be due to the (for now) temporary supply chain disruption. These disruptions will be blamed for a very long time, as long as the Fed is in denial and can come up with excuses.
Quoting LloydOz
{quote} Tremendous question. There is the expected price adjustments due to stuff-ups by stopping the physical economy for reasons of control during the Covid scare. Whole new cars not being made coz they are missing a chip, etc. Being a pompous Elite, he thinks that the only inflation that matters is inflation that he makes by printing money. The inflation that is the slimy green gooey stuff that oozes out of old pipes about to burst. And this won't happen, because it will all be due to the (for now) temporary supply chain disruption. These disruptions...
But we do not have to pay the unreal inflation, right? or am I missing something in the equation ((:
Quoting Banditten
{quote} But we do not have to pay the unreal inflation, right? or am I missing something in the equation ((:
All inflation is real and all normal people have to pay for it.

Elites (like Powell, Yellen etc) may be exceptions to this rule, as they are above the status of normal people, approaching deity. Normal people to them are just navel lint.
The inherent inflation created by the system itself isn't seen as actual inflation by the system. Begs the question, What do they see as actual inflation?
Judging by this answer (there isn't actual inflation) and similar answers to inflation issues over the past decade I don't believe 'actual inflation' will ever exist from their perspective.
From our perspective, it is obvious and quickly becoming very obvious...
hm, I will not trust politicians, they speak a today tomorrw b
Wait for inflation? Yeah I guess its perfectly normal for everything to cost 2-5x as much as usual, totally not inflation. This guys has fucked the US dollar.
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