Posts Tagged ‘transitory’

Summers: CBO’s Projection of Inflation into 2023 Is Too Optimistic, ‘They Are the Last Holdout on Team Transitory’

During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers reacted to the Congressional Budget Office’s

‘Retire’ the Word ‘Transitory’: Powell Inflation Testimony Shakes Stock Market

The SPDR S&P 500 ETF Trust traded lower by 1.8 percent on Tuesday after Federal Reserve chair Jerome Powell changed his tune on the outlook for U.S. inflation. What Happened In testimony to the Senate, Powell said he will no longer be using the term “transitory” to describe the environment of elevated U.S. inflation. “The […]

Russian scenarios to respond to Turkey’s downing Russian warplane

Alwaght- A Turkish F-16 fighter shot down a Russian Sukhoi SU-24 fighter jets which killed one of the Russian co-pilots and the other one was captured by Syrian armed Turkmen sponsored  by Turkey. These events could have very important effects on future developments in the West Asia, especially in Syria. In the first reaction, the […]

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