meta_pixel
Tapesearch Logo
Log in
Real Vision: Finance & Investing

Surprise, Surprise: Inflation Is Not Transitory?

Real Vision: Finance & Investing

Real Vision

Business News, Business, Investing, News

4.11.1K Ratings

🗓️ 1 December 2021

⏱️ 39 minutes

🧾️ Download transcript

Summary

DB-Nov 30,2021: Fed Chair Jerome Powell just said it’s time to retire the word “transitory”—are you shocked? All the major U.S. market indices fell more than 1% on the announcement while the dollar strengthens and crude oil tanks. Ash Bennington is not surprised by Powell's announcement to retire "transitory", and he sits down with Tony Greer of TG Macro on another installment of TG Tuesdays on the Daily Briefing to talk about inflation and oil. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3FY6Xdp Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Mailchimp would like to talk to you about customers.

0:03.6

A customer is what happens when marketers fail to personalise their marketing,

0:07.7

grouping customers with very different behaviours into one tangled mess.

0:11.8

But with MailChimp, marketers can use real-time behaviour data to personalise every email for every customer.

0:18.2

So get MailChimp and turn your customers into customers.

0:22.4

Into it MailChimp, the number one email marketing and automation brand.

0:26.7

Based on customer numbers for verification email, advertising at MailChimp.com.

0:30.2

Welcome to the Real Vision Podcast Network.

0:42.2

Welcome to the Real Vision Daily Briefing. It's Tuesday, November 30, 2021. I'm Ash Bennington.

0:47.3

Join shortly by Tony Greer. But first, here's what we're looking at.

0:51.6

Sell-off in U.S. equity markets looks like major indices down across the board about one

0:56.4

and a half to 2% still bouncing around a little bit. We'll talk more about that as the show goes on.

1:01.1

Big news on the day. Fed Chair Jerome Powell on the Hill today saying it's time to retire the

1:07.4

word transitory in relation to inflation. Additionally, Chair Powell also stating that it may be

1:12.9

appropriate for the Fed to consider wrapping up the taper more quickly than originally planned due

1:19.4

to inflationary pressure. I'm shocked. Shocked to learn that inflation is not transitory.

1:26.4

Tony Greer, what's going on here, man? Is the Fed starting to lose control of this narrative?

1:31.2

I think there being a little bit quite the opposite, Ash, and I could be wrong,

1:35.3

but I'm looking at this as they are opportunistically piling on the Omicron variant headlines,

1:44.1

which yesterday Jerome Powell came out and said that the Omicron variant poses downside risk

1:50.7

to the economy. That complicates the inflation picture. I think that dovetails nicely with

1:56.7

the administration's attempts to get the price of gasoline lower and get that out of the headlines

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Real Vision, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Real Vision and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.