Economist Tyler Goodspeed on CNBC: High Inflation Is Here to Stay in the Biden Economy

TRANSCRIPT:

GODSPEED: "So I think there’s going to be a lot more pressure coming from labor for wage hikes just to get even with the inflationary pressure that we’ve seen over the past year and a half. And, look, when I look at unit labor costs, when I look at the core measure of CPI, when I look at these alternative measures of core underlying inflation, trim, mean, weighted median, underlying inflation gauge, those to me all seem consistent with a pretty, pretty sustainable 6 percent core rate of CPI growth and that's not 2 percent, long way from it."