Quote of the Day: Flirting With Frankness

by Marty Mazorra CFP®, ChFC® Founder & Co-Chief Investment Officer

While jawboning will I suspect remain a key tool in the Fed’s box, J. Powell flirting with frankness (read honesty) this morning is interesting:

“Generally, the higher prices we’re seeing are related to the supply and demand imbalances that can be traced directly back to the pandemic.” 


“But it’s also the case that pricing increases have spread much more broadly in the recent few months.”

“…it’s time to retire the word “transitory” regarding inflation.” 

One might conclude that making such a declaration amid rising COVID uncertainty means the Fed is actually willing to let a little air out of the equity market bubble. 

Time will tell…  

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