Jason Furman: Analysts Are Wrong, Inflation Will Continue to Rise

‘I think a lot of people think this inflation is going away because we are going to work out all the kinks in our economy’

EXCERPT:

FURMAN: “Yeah, Bill, I think a lot of people think this inflation is going away because we are going to work out all the kinks in our economy. That's possible, but some things are still pushing it up, including very tight labor markets, demand remains high, inflation expectations are high. And I think that we will move to a more manageable endemic this year instead of a pandemic, and that's more likely, actually, to raise prices than to lower them.”

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