First published by Money Metals Exchange here:
https://www.moneymetals.com/news/2021/12/01/fed-chairman-retires-laughable-transitory-inflation-line-002417
In recent days, the Fed announced it would not only begin – but possibly step up – its tapering of monthly bond purchases, and global markets have not liked what they heard. Stock indices fell last week and again this week, despite some brief recovery rallies. The new Covid “Omicron” variant is also a bearish factor for markets.
