Inflation Alert! You have got to be kidding me! Governor Christopher J. Waller: As for what inflation does next, I think anyone who makes a forecast has to own the fact that very few of us foresaw how much inflation would increase in 2021.
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On Inflation
As for what inflation does next, I think anyone who makes a forecast has to own the fact that very few of us foresaw how much inflation would increase in 2021.
We underestimated the extent to which supply constraintsโfrom bottlenecks to labor supply shortagesโand strong