# Fed's Powell floats dropping "transitory" label for inflation

> Fed Chair Jerome Powell said the central bank could consider ending its taper of bond purchases more quickly given strong economic growth and high inflation. Two-year Treasury yields rose to around 0.54%.

- Date: 2021-11-30 · published 2021-11-30T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/43955-fed-s-powell-floats-dropping-transitory-label-for-inflation
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of faster tightening lift the dollar and Treasury yields, which typically weighs on commodity prices priced in dollars and on gold.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-03-18 | [Gold Tumbles as Powell’s Inflation Concerns Dash Easing Bets](https://feedsoft.ai/events/20074-gold-tumbles-as-powell-s-inflation-concerns-dash-easing-bets.md) | +0.2% | -1.2% |
| DXY | 2026-03-18 | [Trading Day: Hello inflation, goodbye 2026 Fed cut \| Reuters](https://feedsoft.ai/events/20069-trading-day-hello-inflation-goodbye-2026-fed-cut-reuters.md) | +0.2% | -1.2% |
| DXY | 2025-05-07 | [Gold drops over 1% on Powell's cautious views, easing trade tensions](https://feedsoft.ai/events/24576-gold-drops-over-1-on-powell-s-cautious-views-easing-trade-tensions.md) | +0.8% | -0.8% |
| DXY | 2022-01-27 | [Fed likely to hike rates in March as Powell vows sustained inflation fight \| Reuters](https://feedsoft.ai/events/12223-fed-likely-to-hike-rates-in-march-as-powell-vows-sustained-inflation-fight.md) | +0.1% | +0.7% |
| DXY | 2023-10-03 | [Peeling the inflation onion, revisited \| Bank for International Settlements](https://feedsoft.ai/events/33533-peeling-the-inflation-onion-revisited-bank-for-international-settlements.md) | -0.1% | +0.6% |

## Sources

- reuters.com: https://www.reuters.com/article/business/feds-powell-floats-dropping-transitory-label-for-inflation-idUSKBN2IF1RZ/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.