re: Powell no longer believes inflation will reduce

Powell is full of shite. He knew in a mid-term year of 2022 that Biden's handlers gave him the greenlight to raise rates in a year where you normally don't see steady hikes at just about every single Fed meeting for that entire year...BECAUSE Biden was raiding the SPR monthly to artificially lower the biggest lifeblood commodity we have as a service based economy - O&G. Powell is not dumb, he knew the rubber-band effect this would have, but he was a good little puppet who only officially got nominated as the Fed Chairman in Nov. 2021 -- 11 months after Potato took office and declared all inflation to only be transitory.