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In fact a growing. 1 day agoFor months Powell characterized inflation as transitory but more recently the Fed chair conceded that higher prices have persisted longer than he had expected. Is Inflation Really Transitory Meaning And Fed S Views Explained On June 22 2021 Economy Newsbytes. Jerome powell transitory inflation . As inflation rates rise by more than expected and for longer than expected repeated references to transitory could hurt the Feds credibility. Theres plenty of time for Powell to be right and many professional economists also hold the transitory position. These effects have been larger than we expected. Transitory inflation could mean higher prices for years to come and Federal Reserve Chair Jerome Powells steadfast stance on the matter could complicate his. Federal Reserve Chairman Jerome Powell maintained that a recent surge in consumer prices is likely transitory but warned the increase may. Even if it turns out that inflation is actually transitory ev...