Robert Kiyosaki, the author of “Rich Dad Poor Dad,” has voiced his concerns following Federal Reserve Chairman Jerome Powell’s recent statements on inflation. Powell acknowledged the challenges in controlling inflation, indicating a departure from previous assurances that inflation levels would be maintained at the 2% target and that the inflationary trend was “transitory.”
Fed Chairman Powell finally told the truth. Last week he finally admitted inflation is winning. The Fed can no longer promise I flation at 2% or that inflation is “transitory.” Again he finally stopped lying. Congratulations.
The problem is most people have no idea what the…
— Robert Kiyosaki (@theRealKiyosaki) April 3, 2024
Powell’s Inflation Outlook
During a recent meeting, Federal Reserve Chairman Jay Powell opened up about the current situation of inflation in the United States, proposing a balanced approach in order to reach the desired level of inflation by the central bank. Although the
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