• “We fully expect these bottlenecks to be temporary in nature and to resolve themselves over the next few weeks,” she said. “These are good problems to be having. Demand came back much quicker than even companies expected.”

Source: washingtonexaminer.com

FED Chief Jerome Powell Thinks Inflation Will Eventually ‘Moderate’ But Claims He Has Tools Available In Case It Doesn’t?

  • FED Chairman Jerome Powell thinks he has tools at his disposal to stop inflation while Congress works on another $3.5 trillion bill that will provide nothing for average Americans and send the economy even closer to collapse.
  • Powell continued:

“If we see that inflation is moving up or on a path to be well above our goals or the risk of sending on us on a path of high inflation, then we will use our tools to guide it back down. So in the end it will be transitory,” Powell said. “People need to have faith in the central bank that we will do that.”

Source: thegatewaypundit.com

JUST IN – US Treasury Secretary Yellen now sees “several more months of rapid inflation” and worries about the impact on home buyers.

  • Treasury Secretary Janet Yellen told CNBC on Thursday that she expects the U.S. economy will see “several more months of rapid inflation.”
  • She expects prices ultimately will fall back to more normal levels, and cite market-based inflation measures as proof that longer-term expectations remain in check.
  • However, she expressed concern of the impact on lower-income homebuyers at a time when housing prices are soaring.