As prices continue to rise, Federal Reserve Chairman Jerome Powell admitted that “inflation could turn out to be higher and more persistent than we expected,” but he repeated President Joe Biden’s line that there’s nothing to see here. He insisted that inflation indicators “appear broadly consistent” with the Fed’s goal, and he promised that if it truly gets out of hand, the Fed would step in to change policy.
While prices of everything keep going up. "Who are you going to believe, me or the plain evidence right before your eyes?