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The Fed Just Admitted Prices are Permanently Higher
In this video, we cover the main highlights from the FOMC Press Conference that took place July 28. There were a few surprises out of this meeting, one of which I've been predicting for a while. First, they are now officially setting up two standing repo facilities. Second, Powell defined "transitory" as referring to the rate of change, not the absolute price level.
My previous videos regarding topics in this video:
Repo Market https://youtu.be/dINDgvrayhA
Transitory Inflation https://youtu.be/573YaX__bSI
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#repo #inflation #transitory
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