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What you need to know:Why Everyone’s Suddenly Talking (and Worrying) About Inflation MarketsEconomicsJerome Powell Ditches ‘Transitory’ Tag, Paves Way for Rate HikeFed chief tells Congress he’s open to faster bond-buying taperMarkets see a hawkish turn, more chance of early rate risesWATCH: Federal Reserve Chair Jerome Powell admits that it is probably time for the central bank to stop using the word “transitory.”Source: BloombergByRich Miller+FollowNovember 30, 2021, 11:53 PM UTCSign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Team Transitory is throwing in the towel.
