Inflation Ain’t Transitory – But the Fed’s Credibility Is

First published by Money Metals Exchange here: https://www.moneymetals.com/news/2021/11/15/inflation-not-transitory-fed-credibility-is-002406

Last week’s surge in gold and silver prices was due, at least in part, to a realization by Wall Street traders that inflation isn’t going away. Fed Chair Jerome Powell had assured us all the trend higher in prices would be “transitory,” but another giant surge in the Consumer Price Index has investors wondering if they can believe anything Powell says.