Powell Concedes to High Inflation as Investors Seek Inflation Hedges, Says Finance Author Kiyosaki

• Fed Chair Powell admitted inflation is winning, after previously calling it transitory

• Author Robert Kiyosaki said this means the Fed can no longer promise 2% inflation or that it's transitory

• Kiyosaki warns that savers are losers, as the dollar has lost 95% of purchasing power since 1913

• He recommends gold, silver, Bitcoin as hedges against inflation instead of trusting politicians

• The S&P 500 ETF rose slightly after Powell's comments, though some still predict rate cuts this year