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News from The Associated Press, and a taste of the great journalism produced by AP members and customers.

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    The Associated Press‏Verified account @AP 21 Jun 2021

    Federal Reserve Chair Jerome Powell says he believes inflation's recent jump to a 13-year high in the U.S. will prove temporary. His forecast is included in written testimony he'll deliver Tuesday before Congress.http://apne.ws/3y7afnT 

    5:57 PM - 21 Jun 2021
    • 79 Retweets
    • 211 Likes
    • Ryan Nickol Charles Zak LifeJuice @coasterinoregon - GOP instigated gridlock sucks Karen Lynch Bullet the blue sky Beverley Griffith Cherie Cole A G
    47 replies 79 retweets 211 likes
      1. Michael‏ @idea_obsessed 21 Jun 2021
        Replying to @AP

        The inflation was expected with pandemic recovery.

        0 replies 0 retweets 7 likes
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      1. Skeptic‏ @abqralph 21 Jun 2021
        Replying to @AP

        Perjury or willful ignorance.

        0 replies 0 retweets 3 likes
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      1. New conversation
      2. KyloRenHoek‏ @JTComp 21 Jun 2021
        Replying to @AP

        Inflation wasn't a problem before the pandemic, even with "full" employment. Then came massive deflation during Covid. Now we have predictable reflation post Covid. Reflation is not the same as inflation. #Fundamentals

        2 replies 0 retweets 8 likes
      3. Good Vibes‏ @ForeverFrozeni1 21 Jun 2021
        Replying to @JTComp @AP

        Deflation tends to lead to hyper inflation

        1 reply 0 retweets 1 like
      4. Show replies
      1. 1A‏ @stevenandrews85 21 Jun 2021
        Replying to @AP

        It won’t be. It’s here because they want it to be.

        0 replies 0 retweets 3 likes
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      1. The Robust Opposition‏ @Lauren_Steiner 21 Jun 2021
        Replying to @AP

        Good. Maybe he'll raise rates, so people can put their savings in boring old CDs and the like and not be forced into the volatile stock market. That's assuming you even have savings.

        0 replies 0 retweets 2 likes
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      2.  ⚖The X Files ☀️ 👽  🐘 🦏 🐬 🦜 🦈 🐳 🦮 🦍 🍋 🌶 🥑 🩰 ☕ 🍷 🎨 🎷‏ @Cranmer3483 21 Jun 2021
        Replying to @AP

        You know we spent a year being price gouged for toilet paper&spicy snacks,delivery fees. These business got really rich(er). So now we are getting gouged on the back end so those who didn't get rich can recoup what they lost during lock down. And we keep paying &paying the rich..

        0 replies 0 retweets 4 likes
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      1. Denise Wu‏ @denisewu 21 Jun 2021
        Replying to @AP

        Fed Powell offer to raised interest rate, all inflation worry disappear.

        0 replies 0 retweets 6 likes
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      1. Richard Boecher‏ @BoecherRichard 21 Jun 2021
        Replying to @AP

        This is Crazy Stupid...and we all know it... We are all being Played again.... Big business still want to bankrupt us.

        0 replies 0 retweets 0 likes
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