Name:   MartiniMan - Subject:   That "transitory" inflation is brutal Date:   11/11/2021 10:16:13 AM

Not really....seems like Powell sealed his fate when he talked about tapering so they will probably let him go and find someone new to delay reality which means more inflation.  But with inflation, cash is the absolute worst thing to do as it loses value every day.  And there is no way interest rates will keep up either.  Maybe real estate or commodities if you can stand the lack of liquidity and risk of the former and the volatility of the latter.  Either way, the Fed is in a difficult situation of their own making and if the economy goes in the tank they will literally have zero they can do about it.  Same problem with Carter until Volcker was appointed and they accepted the short term pain of combating inflation for the long term economic recovery.