Dr. Thomas D. Simpson COVID-19, Life, The Economy

Are Supply Shocks the Only Thing Holding Up Inflation?

Policymakers and analysts are emphasizing that another supply shock—a surge in oil prices—is about to hit measures of consumer inflation at a time when the full impact of the last supply shock—higher tariffs—has yet to be realized. As a result, the time required before the Fed hits its 2 percent target for PCE inflation might … Continue reading Are Supply Shocks the Only Thing Holding Up Inflation?