Faster Inflation Is Coming. How Bad Will It Be?

Mohamed A. El-Erian

An economic debate that has been heating up for a few weeks in markets and the academic world made a notable appearance in Congress last week when lawmakers questioned Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen about inflation. This is understandable given that the answers about the scale, scope and duration of a possible surge in inflation have implications that go well beyond economic well-being and the country’s borders.

Πηγή: Bloomberg

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