The definition of Transitory is slowly changing to include a longer period.
FED'S QUARLES: IF INFLATION DOES NOT SETTLE BACK DOWN CLOSER TO THE 2% OBJECTIVE IN A YEAR, THE FED HAS THE TOOLS TO ADDRESS IT.
— Michael Lebowitz, CFA (@michaellebowitz) June 28, 2021
https://twitter.com/NorthmanTrader/status/1409520145043804162
why would anyone buy a 10-year bond yielding 1.5% when the inflation rate is > 4% ?
— . (@StockCats_2009) June 28, 2021
FED'S QUARLES: THE FED IS ALSO AWARE THAT WE COULD BE MISTAKEN ABOUT INFLATION.
— FinancialJuice (@financialjuice) June 28, 2021
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