Image: Jack Dorsey, Jerome Powell, YouTube Screenshots

Former Twitter CEO Jack Dorsey Appears to Mock Fed Inflation Term ‘Transitory’

By:
On:
In: ECONOMY, X/TWEET

After stepping down as the CEO of Twitter, Jack Dorsey now appears to have been freed in a sense from now that he is no longer beholden to the position.

Today, Dorsey has set Twitter ablaze by simply tweeting out the word “transitory” in quotes.

The tweet appears to be a shot at the fed for previously dubbing price increases as transitory, using the word since the beginning of the year, when Fed officials warned that nuances in year-over-year comparisons and supply chain bottlenecks would lead to eye-popping inflation readings.

Fed Chairman Jerome Powell told Congress at the end of November, however, that “We tend to use (the word transitory) to mean that it won’t leave a permanent mark in the form of higher inflation. I think it’s probably a good time to retire that word and try to explain more clearly what we mean.”

Some responded to Dorsey’s tweet by sharing the clown applying makeup meme in regards to accepting inflation.

Some warned Dorsey that he could be in trouble with Twitter if he continued to be edgy like that since he is no longer in charge.

While some also suggested that perhaps Dorsey is “red-pilled” others believe that his motives simply involve pushing Bitcoin.

David Caron
Latest posts by David Caron (see all)

Leave a Reply

Your email address will not be published. Required fields are marked *