The extent to which inflation is ‘transitory’ could come down to whether recent housing-price surges translate into increases in rent and housing services.
The Biden administration has chosen to do what it wants, instead of what the economy needs. Consumers are now paying the price.
Growth fell slightly short of economists’ expectations.
It would seem that, although Powell recognizes transitory inflation is taking a little longer to transit than hoped, his risk–reward calculation has not changed.
And how our history with inflation can serve as a useful guide.
Uneven price increases are consistent with overall inflation both theoretically and as a matter of historical fact.
Why investors are predicting moderate inflation.
The report does not back President Biden’s saying that his infrastructure plans are a ‘generational investment.’
At no point does the Moody’s report suggest that passing Biden’s spending plans will ‘reduce inflation.’
Biden attempted to explain away recent price increases as a temporary phenomenon related to the economy’s resurgence and growth.