The COVID era inflation surge: Causes, consequences, and policy lessons
Karen Dynan , David Wilcox The COVID era inflation surge was shaped by an unusual confluence of shocks and policy responses. It nonetheless raises enduring questions about the interaction of demand, supply, expectations, and policy frameworks that decision-makers are likely to confront again. In this Policy Brief, Dynan and Wilcox distill lessons from a broad body of […]
The risk of higher US inflation in 2026
Peter Orszag, Adam S. Posen The consensus view among forecasters is that inflation will continue its gradual descent toward the Federal Reserve’s 2 percent target through 2026. Similarly, market pricing suggests investors believe the Fed has largely won its inflation battle. In our view, however, this optimism is premature. We think it is more likely […]