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Started By
Message
re: Inflation surged in November even more than expected; fastest rise in 40 years
Posted on 12/10/21 at 12:20 pm to biglego
Posted on 12/10/21 at 12:20 pm to biglego
quote:
Yeah but Trump LIES and is mean
He also appointed Powell as Fed Chair.
The guy who said this in June.
quote:
Federal Reserve Chairman Jerome Powell on Wednesday used the recent plunge in lumber prices as an example of why the central bank thinks the recent surge in inflation will be transitory.
"For example, the experience with lumber prices ... the thought is that prices like that that have moved up really quickly, because of shortages and bottlenecks and the like, they should stop going up and in some point, in some cases, they should actually go down and we did see that in the case of lumber," said Powell during his Q&A session following the Fed’s latest policy decision.
Let's take a look at lumber today.
NASDAQ Lumber
Uh oh.
This post was edited on 12/10/21 at 12:21 pm
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