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Posts Tagged ‘how long is transitory’

What Does Bernanke Mean by ‘Transitory’?

Posted by Larry Doyle on April 28th, 2011 9:05 AM |

I encourage you to read this piece in its entirety. It is not overly long and we have a little fun at the end. Thanks. LD


I am now regularly hearing the use of this singular term by our chief central banker, economic pundits, media mavens, and assorted other public officials.

Transitory? What does it really mean?

Yesterday, the Federal Reserve utilized this term in the Fed’s official release:

Increases in the prices of energy and other commodities have pushed up inflation in recent months. The Committee expects these effects to be transitory, but it will pay close attention to the evolution of inflation and inflation expectations.¬† (more…)

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