Trump Announces the Next CIA Director
KJP Previews Trump's Meeting With Biden at the White House
This is How Marco Rubio Responded to the Pro-Hamas Crowd
Trump Announces the New Ambassador to Israel
Trump Has Made His Pick for the Department of Homeland Security
So, That's Who Trump Wants to Run the Pentagon
Pack Your Bags, Mr. FBI Director
It's Impressive How Much Everytown Got Wrong Here
MSNBC Viewership Plummets After the Election
It's Happening: Trump Tasks Elon Musk and Vivek Ramaswamy to Lead Department of...
Trump Picks a Familiar Name to Serve As White House Counsel
Scott Jennings Has Zero Patience for the Pass That Late-Night Hosts Gave Biden
Liberal Women Are Stocking Up on Abortion Pills After Trump's Election Victory
Here's the Disturbing Reason Why Airlines Are Halting Flights to Haiti.
Why Hasn't Bob Casey Conceded Yet?
Tipsheet

Fed Chair Blows Up Biden's Argument Inflation Is 'Transitory'

For months, the Biden administration has been telling the American people that inflation and rapidly increasing prices on everyday items are "transitory" and temporary. 

Advertisement

"The President would say we take the commitment, he takes the commitment of lowering costs for the American people very seriously.  We, of course, have seen, and from outside experts, including the Federal Reserve, OECD, and others, that their expectation is that these inflation rises will be transitory, that they will come back down next year," Psaki told reporters in October. 

But according to Federal Reserve Chairman Jerome Powell, who President Biden just nominated for another term, it's time to retire "transitory" from the conversation. In other words, inflation is here to stay and it's going to get worse. 

Advertisement

Inflation was never temporary or transitory, but that didn't stop the Biden administration from claiming it was.  

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement