NBC Nightly News Ignored Fed Chairman Powell Declaring High Inflation a Big Threat

NewsBusters ^ | 12/16/2021 | Joseph Vazquez

[JV3MRC]

NBC’s evening news show had the gall to ignore a narrative-shattering statement on inflation by former “transitory” apologist and Federal Reserve Chairman Jerome Powell during its evening broadcast last night.

Powell stated during a press briefing Dec. 15 that “[O]ne of the two big threats to getting back to maximum employment is actually high inflation.” This is a seismic shift away from the Powell Fed’s repeated false assertions over this year that skyrocketing inflation would only be temporary. The Fed is expected to institute thee rate hikes in 2022, according to Bloomberg News. In response to Powell’s statement, Raymond James Financial Chief Economist Scott Brown said, “‘The Fed is seeing inflation broadening out and people are hearing about inflation on the nightly news -- inflation, inflation, inflation. The Fed is worried about that.’” Perhaps Brown didn’t watch NBC last night. Both ABC World News Tonight and CBS Evening News covered the report during their Dec. 15 broadcasts, but NBC Nightly News was nowhere to be found, ignoring the story entirely.

[Dilbert San Diego]

We have been told that inflation is transitory. Apparently transitory inflation isn’t as bad as the regular kind of inflation.

And we’ve been told that inflation isn’t a problem, because people have more money to spend, and since they have more money to spend, they can afford higher prices for everything they buy.

I think some have also said that a growing dynamic economy will naturally have inflation.